Wages up..care fees will be up....so don't u worry. It had been a discussion about wages....since the min wage at $16 perhours. ...and it mentioned on ARV thread too
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It is up with inflation rate.....just like my salary at the government body.. every year up 3%....as well as benefit payments.. pensions etc.
What I look .at the current situation....where corona virus affecting NZ economy....ports.. forestry.. tourism.... education.. retailers.... retirement sector is the most defensive one....
As I have mentioned before, even with the latest pay increases, caregivers are not adequately reimbursed for the job we do, especially those of us in supervisor roles (for which we get an extra $1/hour gross, despite being responsible for administering medications including controlled drugs, managing emergencies and being responsible for 30-32 residents). I understand that as investors, wages are a concern to you, but care staff are the backbone of these facilities. Without us, you have no facility, no business, no investment.
Couta...my wife is a nurse n used to work in the rest homes....so u work in the rest homes or looking to buy cheap shares?
I've outlined my experience(And my wife's) in this sector quite a few times in the past and if I have money available I'm always looking to buy cheap shares which could include these ones, however I only hold RYM currently as a trading parcel and have no plan to buy OCA at this point in time.