Nonprofit nursing home jobs lose market share to for-profits, study finds
The nonprofit sector has shown 10 years of record job growth, while for-profit job growth has declined. However, the growth of for-profit nursing home jobs has outpaced nonprofit nursing home jobs, according to a new study.
Larry Minnix, president and CEO of LeadingAge, which represents nonprofit nursing homes, said the loss of nonprofit market share is a major concern, “particularly since it results from the unequal playing field nonprofits confront in accessing capital and their resistance to slashing employee benefits or skimping on the quality of services,” Minnix said in a release.
The study, conducted by researchers from the Johns Hopkins Center for Civil Society Studies, also found that the nonprofit sector achieved an average annual growth rate of 2.1% between 2000 to 2010. The for-profit jobs saw a decline during this period, by an average of -0.6% per year.
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