📈 Business & Markets

The biggest healthcare strike in US history just began

Thursday, Oct 5, 2023

Image: Aude Guerrucci/Reuters

More than 75,000 healthcare workers employed by Kaiser Permanente, one of the largest nonprofit healthcare providers in the US, walked off the job for three days yesterday.

📝 The sticking points: Workers say inflation has eroded their wages, and staffing shortages are leading to employee burnout and poor patient care. The Kaiser employee union wants what it describes as competitive compensation that accounts for the increased cost of living: a $25/hour wage floor and increases between 6.25% and 7% over the next four years.

  • Kaiser had countered with minimum hourly wages of between $21 and $23 next year, increasing by a dollar/year. It also said it’s hired 22,000 people so far this year.

🤔 How will Kaiser’s 13 million patients be affected?... Physicians, hospitals, and emergency rooms will not be impacted, but some facilities will have reduced staff for nursing and support roles.

📸 Big picture: Overworked healthcare workers everywhere are burning out like a bonfire at the end of a summer night. According to a statement by Kaiser Permanente, up to two-thirds of healthcare staff everywhere are experiencing burnout and more than 1 in 5 are quitting.

And the proof is in the strike pudding: per Bureau of Labor Statistics’ data from the start of 2022 through August of this year, one-third of the 42 work stoppages of 1,000 or more strikers were in the healthcare industry.

Share this!

Recent Business & Markets stories

Business & Markets
  |  October 3, 2023

Kellogg’s is entering its snacks era

🔀 Kellogg’s finalized its planned stock split yesterday, officially dividing the company into two publicly traded businesses.

Peter Nowak & Kyle Nowak
Read More
Business & Markets
  |  October 2, 2023

The trial of Sam Bankman-Fried kicks off this week

🪙⚖️ Jury selection begins tomorrow in the fraud and conspiracy trial of Sam Bankman-Fried, the 31-year-old cofounder of FTX who oversaw the collapse of the once third-largest crypto exchange (valued at $32B at its peak).

Peter Nowak & Kyle Nowak
Read More
Business & Markets
  |  September 29, 2023

Delta is set to overhaul its SkyMiles program – again

🤔✈️ Delta CEO Ed Bastian earlier this week said the airline is rethinking the changes it recently announced to its loyalty program following customer backlash.

Peter Nowak & Kyle Nowak
Read More

You've made it this far...

Let's make our relationship official, no 💍 or elaborate proposal required. Learn and stay entertained, for free.👇

All of our news is 100% free and you can unsubscribe anytime; the quiz takes ~10 seconds to complete