Over the past 30 years demand for nurses has steadily increased specially recently when the number Show more Over the past 30 years demand for nurses has steadily increased specially recently when the number of nursing home residents have increased.
Over the past 30 years demand for nurses has steadily increased specially recently when the number Show more Over the past 30 years demand for nurses has steadily increased specially recently when the number of nursing home residents have increased.
At the same time more career opportunities have opened up for women and less women are choosing nursing careers. All through this hospitals were fairly successful in keeping nursing wages lower. Draw a carefully labeled diagram that captures this scenario for the nurses. Using your diagram analyze whether the market for nurses is in equilibrium or not. If not is there shortage or surplus of nurses? In the long run what do you think will happen to this market? Support your answer. Show less
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