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Braden: One Utah Employer Reluctant to Pay Up
studio has become the norm in areas previously known for charging comparable rates for small family homes. An area’s increase in commercial ... With the exception of the University of Utah and its many entities, Intermountain Healthcare is the largest ...
Living in Salt Lake City definitely has its fair share of perksLocated just above the smog line exists some of the best skiable acreage on planet earthThere’s also a growing tech industry, an increasingly rich mix of cultural diversity and a thriving economy currently ranked number four in the nation for growthWe enjoy a surprisingly low violent crime rate with the lowest prison overpopulation percentage in the country, and the state of Utah consistently achieves high marks in areas like health care, population literacy and entrepreneurshipOne advantage to living here that has seemed to keep even those residents determined to find greener pastures is the historically low cost of housingBut while Salt Lake City continues to excel in many domains pursuant in providing a higher quality of life, affordable housing might no longer be part of that list.Take a TRAX ride from the Courthouse Station towards Sandy and it’s immediately apparent just how rapidly the Salt Lake valley is growingRows of new apartment complexes line the train tracks on either side, bringing in everyone willing to pay unprecedentedly high monthly premiumsCharging rental rates up to $1500 for a 500 sq ftstudio has become the norm in areas previously known for charging comparable rates for small family homes.An area’s increase in commercial industry is naturally followed by a surge in population density, and the swift inflation of housing costs brought with them generally coincide with comparable pay increases necessary to comfortably ride the waveCompanies like 3M and Adobe certainly followed this trend when they declared the Salt Lake area to be “the place,” but a majority of residents working in this increasingly expensive slice of the West are experiencing little to no adjustment in compensation, and the dominant status of their employer might be to blame.With the exception of the University of Utah and its many entities, Intermountain Healthcare is the largest non-government employer in the statePredominantly based in Utah, but with several locations in Idaho as well, IHC currently staffs nearly 40,000 employees among 22 hospitals and 180 clinicsPreviously owned by the LDS church, this proud to be not-for-profit organization administers the majority of patient care in Utah, documenting over 500,000 emergency room visits in 2015 alone to a population of barely over 3 million
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