Survey Says...

The pay for nurses is down 4.3 % ???!!!!!!!!!

That is very suprising, and disappointing Doesn't make any sense to me!!!!

~Anniekins

Originally posted by Anniekins

The pay for nurses is down 4.3 % ???!!!!!!!!!

That is very suprising, and disappointing Doesn't make any sense to me!!!! ~Anniekins

Anybody want to venture a guess on why that is? If you need an economics refresher see link below but usually a "common sense" reply will suffice...

http://instruct1.cit.cornell.edu/courses/econ101-dl/lecture-supply&demand-2.html

-HBS

Sad, but not surprising.

If there is a shortage in the nursing labor market then please explain the drop in annual salary? Has the demand for nursing care gone down or has the supply of nurses gone up?

Anybody have an opinion?

-HBS

Actually, I am surprised a bit. Very disappointed, hope that's not a trend. Also disappointed for the elementary school teachers.

Sounds like there is a very interesting governing dynamic at play here (looking at the salary numbers posted above). Perhaps this could be expanded on? Nash equilibrium and/or evolutionary and cognitive game theory anyone?

The question is why the drop in nursing salary?

-HBS

HBS-

The supply is DOWN, the demand is UP, so I would expect there to be an increase in pay, not decrease.....according to what I know about economics.

HBL- Lets be nice here :kiss

Anniekins Says:

"The supply is DOWN, the demand is UP, so I would expect there to be an increase in pay, not decrease.....according to what I know about economics."

If we accept the premise as stated above (again the question and point of this thread) why the percentage drop in nursing salaries?

-HBS

"HBS- Lets be nice here "

:blushkiss

-HBS

Seems like most people I know did a lot less overtime recently.

>>>>crickets

...tumbleweeds rolling by