New U.S. rules could lead to caregiver shortage for baby boomers

09/27/2013 | Bloomberg

A new Labor Department rule extending minimum-wage and overtime protections to caregivers could create a situation in which the elderly in the future find home health care too expensive, say the U.S. Chamber of Commerce and two Republican congressmen. Others offer the opposite view. "If people want their parents and grandparents to be able to be cared for at home, and they want that opportunity themselves, we need to make this job a competitive job in the marketplace," said Steven Edelstein, national policy director at PHI, a nonprofit organization.

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