15,000 Minnesota nurses went on strike requesting 1) better patient ratios and 2) higher pay.

It is the largest nurses strike in US History.

Because of the Pandemic, many hospitals have had their nurses take care of more and more patients during a shift. The nurses in Minnesota say they are taking care of too many patients and patient care is suffering.

Nurses in Minnesota on average make $81,000 per year... or about $40 per hour.

Many hospitals fill in empty nursing positions with traveling nurses that make $139 per hour... over 3 TIMES more than what the hospital staff nurses make for doing the same job.

A root cause of the nursing strike is the fact that 80% of US hospital markets are 'highly concentrated.' In other words... there are few choices in hospitals.

When there are few choice for patients (i.e. customers) it is called a Monopoly.

However, when there are few choices for workers (i.e. nurses) it is called a Monopsony.

Other highly concentrated industries that have labor monopsonies such as auto manufacturers, airlines and public schools also have Unions. Therefore, it should be expected that as hospitals have merged and created monopsonies that more nurses will unionize and STRIKE.

To find the money to improve nursing ratios and increase nursing wages, hospitals could look to decrease their administrative bloat and reduce their construction spending.

*Correction @2:12 meant to say 3 patients for every one nurse.

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