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Title: Labor Market Research

Essay Details

Subject: Business
Author: Karen F
Date: February 27, 2015
Grade: A
Length: 3 / 710
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Essay text:

According to this research, over the late 1990s and into 2000, nurses' pay did not increase at all, although some hospitals had already begun worrying about a nurse shortage in 1997. When the wages began to rise, nurses responded promptly?hospitals added 186,500 nurses between 2001 and 2003. However, instead of competing for nurses by increasing pay, hospitals often turn to a combination of overworking (through mandatory overtime), contingent workers, understaffing, and one-time hiring bonuses to meet staffing needs...

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(Value care value nurses [VCVN], 2006) The second point brings to mind the phrase "people face tradeoffs." Nursing is an arduous task, and if something less arduous, such as teaching, offers a comparable wage, people will leave nursing. In order to return to nursing, the wage had to be higher than that in these less-difficult industries...

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