Statistics on health care labor

On this Labor Day, below find some interesting statistics from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) on health care wages and employment. From the first graph, one can see that health care practitioners (e.g., physicians, nurse) have much higher wages than average but health care support workers (e.g., ) have…

Machine learning and physician employement

An article by¬†Ajay Agrawal and Avi Goldfarb (“The Simple Economics of Machine Intelligence“) provide an interesting perspective on how machine learning will affect employment with a nice example from the health care sector. All human activities can be described by five high-level components: data, prediction, judgment, action, and outcomes. For example, a visit to the…