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And sometimes a high salary cannot fix their decision to leave the company. On average, it costs them 50%-60% of an employee’s annual salary to replace this employee. I once worked at an organization, and my department worked on connecting pharmaceutical companies with government officials. You Spread Them Thin.
They represent catastrophic failures of governance. From this standpoint then, the systemic and institutional failures of mental health care are just reflections of a larger catastrophic failure of vision and governance that touches almost every aspect of modern life. We have become a sick society, and the signs are all around us.
Although household incomes have increased considerably since 1970, the share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021 (the last time Pew did an analysis of government data). In fact, that 50% number has been holding steady for the last decade, says Pew Senior Researcher Rakesh Kochhar.
Big Pharma lobbies our politicians (more than any other industry), so that our government will help it. Golec, J, Vernon, J European Pharmaceutical Price Regulation, Firm Profitability, and R & D Spending Working Paper 12676, National Bureau of Economic Research, Nov 2006. It allowed direct-to-consumer advertising here 9.
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