If this mandate takes effect, almost 500,000 jobs in the healthcare field could be lost by next year. California alone is predicted to lose more than 78,000 jobs by 2021. A good 50,000 of all jobs lost would be by physicians, dentists and other practitioner offices. The American Hospital Association in conjunction with the American Medical Association and the American Nurses Association, report that this sequester is expected to cause as many as 766,000 health care and health-related jobs to become extinct by 2021.
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As GE (General Electronics) was reinventing itself as the world’s most admired company in 1980s and 90s, it removed bottom 10% of its workforce (non-performers) every year. On the other hand, it appreciated the top performers with 2 to 4 times the incentives of an average performer.
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