Comment on Why exactly are nursing aids paid so poorly?
Alwaysnownevernotme@lemmy.world 4 days ago
Nursing homes are often owned by investment trusts who have to pay out to their investors based on profits, so the managers of the trust take it upon themselves to outsource the maintenance, management, and labor to other entities they control. At a healthy upcharge, the menials who perform the tasks associated are not even an afterthought. They work for a faceless corporation that is puppeteered by the same people who own the nursing home, who rents it’s facility from a real estate trust they also own, allowing them to extract as much value as possible from each level of the operation while limiting liability.
TwoBeeSan@lemmy.world 4 days ago
Worked in them for about 7 years.
You are correct.
We had one where could never get ANY supplies 1 year in despite a 25k lump sum buy in by residents. even before paying month to month rent.
My expeince is management will play the “heroes work here” type behavior and take advantage of people’s passion for elderly to then underpay then and mistreat them to the degree they do.
michaelmrose@lemmy.world 3 days ago
Why don’t good people start nursing homes
ZombiFrancis@sh.itjust.works 3 days ago
They’re run out of business if they even start. Otherwise it has to be a non-profit, which is reliant on fundraising and outside funding.
Remember the people running these are the landlords. Owners of commercial properties and the only entities with resource rights to able to develop. You know: the same entities that have been capable for generstions, but unwilling, to construct adequate housing.
This is what they build instead.
The daycare analysis is a bit different: that’s mostly just sheer insurance liability. Childcare centers need so much licensing and insurance, so it’s mostly done by backyard operations and church basements.
spock@lemmy.world 3 days ago
It takes enormous capital as property prices are high due to real estate speculation (the priority with real estate is not use but financial value), regulatory capture (excessive regulations are pushed by the largest companies to make it impossible to start a competitive business), and high insurance costs (very appealing to the biggest investors as they mean the largest investors can be self insured).