In a former life, I was an education counselor, so from that perspective, let me set a few things straight about education and the RN.
1. Nurses, don't require a degree. For most of the time, nurses were taught in diploma schools and some still are. Most of what a nurse learns is learned on the job. All education is great, but if a nurse is really going to be "well rounded" by education, they should have a bachelor's degree in one of the liberal art subjects and then nursing school.
2. The people who are most concerned about nurses having BSNs as entry level education are the educators. No big surprise there. Most hospitals couldn't care less, because they need people liscensed by the state as registered nurses.
3. Management requires a BSN only because there are a limited number of management slots, and education is a way of legitimately weeding applicants out. My boss was an ADN and manager of a cardiac unit for about 20 years before getting her BSN. In reality, a nurse would be better served with a A.A. in business management than a BSN if they are going to be managers.
4. MDs respect nurses. They don't really care how much education a nurse has because whatever education they have is not an MD and that's all they recognize. Why? Because they're MDs; it's a different profession. RNs are just as good as MDs, because in modern health care, both are essential for patient care and treatment. Competeing with MDs for professional status based on educational qualifications is a fool's game. The MD is considered the top of the educational food chain. But why would a nurse need or want a doctorate of medicine? They are equal with doctors in the profession of helping sick people even if they only went to a diploma school.
5. Continuing education is more important than formal academic degrees. What difference does it make if someone got their MSN 20 years ago? What have they done lately? Subscribe to three nursing mags and do their CEUs and you will be on top of the game. Combine that with national certification and you really have something that shows current competency.
6. It's true: if you want to be a psychotherapist, you need a MSW or some equivalent. Why? Because there is a glut of people getting BSc degrees in psychology and sociology. Why? because they're easy degrees. If the world needed therapists as much as they needed nurses, you'd have therapy schools with AASc programs just like nursing schools. In fact, look at the military: When the Air Force needs nurses they will commission nurses with ADNs. When they don't, they require a BSN. We aren't competing with other professions; we are nurses.
7. What I am saying will always be the case, and why? Because there will always be a nursing shortage, and not because of demographics, but because nursing takes a certain kind of person, and it's hard work. There is a shortage of bedside nurses; there always will be. There is no shortage of nurse managers or executives or NPs or CRNAs, and that's good news. Because if you really want to be a nurse, you can be and you don't have to continously seek after more and more degrees. You will always have a job, and you can be a professional person with initials after your name, and all that with only a diploma.