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Factors Determining Supply and demand for Labor

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Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or decrease the demand for labor. Identify and explain two factors that would increase or decrease the supply of labor. Use the readings and/or the internet for examples.

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Labor Market Research

Two principles of economics that help explain how wages are determined in a market economy are:

#1-People Face Tradeoffs and
#2-Governments Can Sometimes Improve Market Outcomes

Consider these principles when completing the assignment. Think of how they apply to the labor market for nurses.

Research the labor market for any state to determine how nursing wages are calculated. Use the internet for this research.

Cite the state and the URL of the Web site used in your research
Discuss which factors could influence the supply and demand of a nurse's position.
Discuss how a nurse's pay is determined and how the salary is structured.
Discuss what your chosen state can do to increase the supply of nurses.
Include a reference page in APA format

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