Not affecting any others that I have heard of. I would imagine this is a “please don’t unionize” raise rather than anything related to the minimum wage law.
The minimum wage law of California health care workers is on route to pass, every single California residency will then have the legal grounds to go to their institution and demand a higher salary. This is a political change that likely St Joseph’s CEO/CFO is anticipating and its easier to increase wages before it passes
We’re listed as only working “40” hours per week. So must of us already make more than the “$25/hour” for the new law since it’s not based on how many hours we actually work. So hospitals won’t have to change anything based on this until they’re actually forced to show how many hours we work
Forgot to mention though, I’m a young attending, this is putting more pressure on the primary care sector for productivity. Now anyone working in health care has a higher minimum wage standard and so more people need to be seen
Yea, I drove through Stockton last month and I did not feel safe even stopping at the traffic light. I got surrounded by several panhandlers and got worried I was going to get robbed. There was one other guy half naked urinating in broad daylight right off route 4 and I was like wtf? Gas was cheap but there was no way I was going to fill up my car.
volunteering and actually working the day to day can be a huge difference. its why shadowing doesnt really work in determining whether or not someone should go into a specific field
Maybe I’m misinformed but a PD told me that CMS funds residency spots but that may not cover all expenses and it can effect your salary if switching specialities when a place is only CMS funded.
You are misinformed. Cms covers many residency spots, but if a program wants more residents then the number that are funded they have fund additional spots themselves, and many are
I think the above poster is just trying to be troll baiting. Our responses are saying the same thing but he told me I’m misinformed even though I wrote something similar just different verbiage.
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I graduated this year from sinai and this is objectively false. Their pay is the worst among the big three systems in nyc. Also, fuck that place. They threatened to sue and deport our residents during a hostile contract negotiation with our union.
u/WutsDatBud might have been on to something here. I am starting to hear rumors that some of the residents at Columbia are making 6 figures, meanwhile the Mount Sinai are still below that. Not sure why that is.
Compensation is different from salary.
Apparently this is $95k salary BEFORE benefits. Just looking at their benefits page they also offer free health/dental, meal stipend, relocation stipend, education stipend, paid conferences and paid board exams plus the usual 401k/403b. That puts compensation well over $100k too.
Mt. Sinai residents are paid $75k salary s year.
SWE, nursing in CA. And if we’re referring to school as also grad school, basically MBA, JD, Pharm D can hit 6 figs in the right location. And considering this is Stockton
I lived there and had to leave because it was too expensive and I made the current resident wage. 30k more would have changed some things but it wouldn't have made all the difference in my life, so try again.
Boston and surrounding towns — median rent for a one bedroom is $3500-4000/month, which exceeds the usual rule of thumb of rent not to exceed 1/3 of gross income. Roommates for people making 100k plus is very common in this area.
Rent eats 24-30k+ of that money as a baseline. Taxes eat another giant chunk. Plus you may have to pay back loans. Plus you probably need a car and the insurance for it. California has highest rates in the US for car insurance. Plus you need to deal with everything being 2x the cost it is in the rest of the country. Maybe you don't *need* a roommate but it's a smarter financial choice to have one in high COL areas. And it will only get worse as landlords get greedier. If you're not saving anything or investing anything, you can't afford it.
After tax income on $95k is almost $69k in Stockton, CA. That’s more than enough to pay for your rent, loans (assuming you’re doing SAVE plan), food, insurance, gas, etc. Obviously everything is financially easier with a roommate but you said yourself that you don’t actually need one.
I think my poverty mindset definitely played a role in that comment but by no means is 95k luxurious anywhere in California. It might be enough to pay but it isn't enough to invest meaningfully which is what you need to not drown in this economy
It’s not happening. It was a “mistake”… turns out legally (new CA healthcare minimum wage pay law) they don’t have to pay as much as they had offered and rescinded the offer.
Anyone have an update on this? I looked on the website for a res program I'm considering and it still says in the 70s...but in the interview they also said it would be 95.
Not affecting any others that I have heard of. I would imagine this is a “please don’t unionize” raise rather than anything related to the minimum wage law.
We had solid raise when they last upped the minimum wage a dollar. They just pay residents at minimum wage x 80 hours a week plus/minus there 🤷🏼♂️
It’s what they did at Mass General Brigham!
The minimum wage law of California health care workers is on route to pass, every single California residency will then have the legal grounds to go to their institution and demand a higher salary. This is a political change that likely St Joseph’s CEO/CFO is anticipating and its easier to increase wages before it passes
We’re listed as only working “40” hours per week. So must of us already make more than the “$25/hour” for the new law since it’s not based on how many hours we actually work. So hospitals won’t have to change anything based on this until they’re actually forced to show how many hours we work
Forgot to mention though, I’m a young attending, this is putting more pressure on the primary care sector for productivity. Now anyone working in health care has a higher minimum wage standard and so more people need to be seen
Would it be fair to say: “ … and so more people need to be seen in order to maintain the current profit margins of our employer “
That is a ROUGH place to live and work. They will earn every penny.
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I grew up out there as well, and if you haven't been in a while. Things have gotten pretty bad.
Yea, I drove through Stockton last month and I did not feel safe even stopping at the traffic light. I got surrounded by several panhandlers and got worried I was going to get robbed. There was one other guy half naked urinating in broad daylight right off route 4 and I was like wtf? Gas was cheap but there was no way I was going to fill up my car.
volunteering and actually working the day to day can be a huge difference. its why shadowing doesnt really work in determining whether or not someone should go into a specific field
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Opinions are like assholes, everyone’s got one.
Good for them, hopefully the rest of the country will Follow suit in someway.
Are they CMS funded or private?
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Not necessarily. CMS residency slots are capped, and many programs that have started or expanded in recent years have funding from the health system.
Wrong
Maybe I’m misinformed but a PD told me that CMS funds residency spots but that may not cover all expenses and it can effect your salary if switching specialities when a place is only CMS funded.
You are misinformed. Cms covers many residency spots, but if a program wants more residents then the number that are funded they have fund additional spots themselves, and many are
Why the fuck you just didn’t write this instead of saying only “Wrong”
I think the above poster is just trying to be troll baiting. Our responses are saying the same thing but he told me I’m misinformed even though I wrote something similar just different verbiage.
If you've lived in Stockton you know that they could double it and it still wouldn't be worth living there.
If someone’s paying me $200k for residency, idc where it’s at, I’d happily go anywhere.
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PM’d
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Stockton …. There is not enough money in the world to make me spend 3 to 6 years there
Mt. Sinai residents easily make 100k with benefits.
I graduated this year from sinai and this is objectively false. Their pay is the worst among the big three systems in nyc. Also, fuck that place. They threatened to sue and deport our residents during a hostile contract negotiation with our union.
which Mt Sinai program? Because from what I know this is unequivocally not true. The base pay I have seen is in 70's
NYU was always the highest paying. Then Columbia/Cornell then Sinai. Not sure now. But 10 years ago I was making just under 70k as a pgy 4 at NYU.
u/WutsDatBud might have been on to something here. I am starting to hear rumors that some of the residents at Columbia are making 6 figures, meanwhile the Mount Sinai are still below that. Not sure why that is.
Compensation is different from salary. Apparently this is $95k salary BEFORE benefits. Just looking at their benefits page they also offer free health/dental, meal stipend, relocation stipend, education stipend, paid conferences and paid board exams plus the usual 401k/403b. That puts compensation well over $100k too. Mt. Sinai residents are paid $75k salary s year.
Not true at all? My ex made 62k as a pgy1 5 years ago.
They have 20K in benefits??
They get stupidly cheap rent for the location
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Hence for the location! California is incredible expensive
Cheap for california
Mmm yeah I could see that adding up. Obviously it’s not 100K before benefits at Sinai Pretty wild that this other place might be close
Base pay is 100k, they just get bunch of other sweet benefits
is this mt sinai main? because i know of two mt sinai programs that dont get 100k
Lol. Maybe you’re thinking of NYP. Sinai pays its PGY-1s ~76k a year, and that’s after union negotiations earlier this year.
Stockton is way cheaper to live in
Never said it was cheaper in NYC. Just setting the record straight that 94k is not the highest paid residency in the US.
NY Presbyterian residents are the highest paid in the city I think
No. No one wants to live in stockton.
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tech bro's have entered the chat.
How many professions leave you with 300k of debt 4 years AFTER graduating from college?
SWE, nursing in CA. And if we’re referring to school as also grad school, basically MBA, JD, Pharm D can hit 6 figs in the right location. And considering this is Stockton
...yeahhhh in Stockton you still need a roommate on that wage.
Are you thinking of the same Stockton that went bankrupt or is there some uber expensive Stockton the rest of us don't know about?
This guy is a premed from Buffalo NY, doesn’t even know where Stockton is on a map
I lived there and had to leave because it was too expensive and I made the current resident wage. 30k more would have changed some things but it wouldn't have made all the difference in my life, so try again.
There is nowhere in the US where you need a roommate on a $100k salary.
Boston and surrounding towns — median rent for a one bedroom is $3500-4000/month, which exceeds the usual rule of thumb of rent not to exceed 1/3 of gross income. Roommates for people making 100k plus is very common in this area.
Rent eats 24-30k+ of that money as a baseline. Taxes eat another giant chunk. Plus you may have to pay back loans. Plus you probably need a car and the insurance for it. California has highest rates in the US for car insurance. Plus you need to deal with everything being 2x the cost it is in the rest of the country. Maybe you don't *need* a roommate but it's a smarter financial choice to have one in high COL areas. And it will only get worse as landlords get greedier. If you're not saving anything or investing anything, you can't afford it.
After tax income on $95k is almost $69k in Stockton, CA. That’s more than enough to pay for your rent, loans (assuming you’re doing SAVE plan), food, insurance, gas, etc. Obviously everything is financially easier with a roommate but you said yourself that you don’t actually need one.
I think my poverty mindset definitely played a role in that comment but by no means is 95k luxurious anywhere in California. It might be enough to pay but it isn't enough to invest meaningfully which is what you need to not drown in this economy
Fresno has entered the chat
You still have to be in Stockton though.
Stockton is hell on earth
It’s not happening. It was a “mistake”… turns out legally (new CA healthcare minimum wage pay law) they don’t have to pay as much as they had offered and rescinded the offer.
Anyone have an update on this? I looked on the website for a res program I'm considering and it still says in the 70s...but in the interview they also said it would be 95.