The Labor Market For Nurses in Minesota
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Research the labor market for Minnesota to determine how nursing wages are calculated.
Use the Internet for this research.
· Write a 700- to 1,050-word paper in APA format, in which you:
o Cite the state and the URL of the Web site used in your research.
o Address which factors may influence the supply and demand for nurses.
o Discuss how a nurse's pay is determined and how the salary is structured.
o Discuss what your chosen state can do to increase the supply of nurses.
o Include at least one appropriately cited and documented quotation to support a point.
o Include at least one appropriately cited and documented paraphrase to support a
point.
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Solution Summary
The response addresses the queries posted in 910 words with references.
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The response addresses the queries posted in 910 words with references.
// Before beginning with the calculation of nursing wages; it is necessary to research the labor market for Minnesota. In this context, major emphasis should be laid on the factors that may influence the supply and demand for nurses. So, firstly, I will write about the
Nursing Wage & Salary in Minnesota//
Determination of Wage and Salary of Nurses in Minnesota
Minnesota is twelfth largest state in the United States in terms of area. Healthcare industry and nursing profession has one of the major demands in the state in present scenario. There is a shortage in the nursing workforce since 1990s. This shortage has created large demand for nurses. The wages in nursing are determined with the help of the demand and supply of burses. Elasticity of demand plays an important role in the pricing decisions of business organizations or the service providers, such as nursing. It also helps in judging the effect of devaluation of a currency on export earnings of a country. Price elasticity of demand is also in important factor in nursing. The reason to consider the price elasticity is because the change in the price of product would change the quantity demanded of the product or service depending on its efficiency of price elasticity
In nursing the wage and salary is not up to the mark. The wage growth of nursing industry is declining, which has become one of the major reasons for the reduction in the supply of nurses. The major criteria to ...
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