Labor Market for Nurses in Florida

Florida secern is located in the South Eastern region of the unite States. close of it is a peninsula bordered by the Gulf of Mexico on the west and Atlantic Ocean on the East. Florida has the 4th highest state population in United State. As at 2006, the population was over 18 million. Economically by 2005, the gross state product was over 500 billion dollars.Floridas labor market is fixed by prosecutement and advantage, labor force, scotch indicators and the population structure. In 2004, Florida approved a constitutional amendment to increase the minimum wage to over 6 dollars per hour. All employees were then supposed to postdate with the wages increase (www.stateoflorida.com/portal/)In labor market, employees and plyers respond in but opposite ways to higher wages. More people want to work when wages go up but employers then hire fewer workers. However, if labor markets operated normally, the level of employment and subsequent wage would be get backd by the law of sup ply and conduct. The number of workers on a given over job and the wage paying to them should reflect an agreement between the ineluctably of both parties. Employers would like to hire more workers at a bring down wage but not enough workers are willing to lease employment for lower pay (Lovell, 2006).Wages are determined in a market economy by among many factors, tradeoffs and governments utility of market outcomes. The government plunder improve the outcome of the economic strategy and stimulate the development of a society. Tradeoffs involve sacrifices made in obtaining original products or services rather than others using the same required resources. These factors twist the care for wages in Florida.Nursing wages are determined more often than not by the skills needed at work, place of employment and the mount of beat spent at work. Enhanced educational credentials also determine the amount of premium that a nurse is paid. Therefore nurses are paid according to the level of academics and their job contribution. Among many determinants of wage calculation, complicate productivity of the worker, output per hours worked, employers willingness to work, cost of living, experience and many others. These factors determine wages of nurses in Florida (http//www.floridanurse.org/foundationgrants/index.asp)There are various factors that influence the supply and demand of nurses in Florida. The rapid aging of both the population and the breast feeding workforce results in the need for supply of nurses to maintain pace with the growing demand. There has been a decrease in supply of nurses due to poor working environment, blocking of nursing schools, nursing faculty famines and other career opportunities. All these throw off decreased the supply of nurses. Licensing data indicate that over 40% of combat-ready licensed Florida nurses are over 50 years of age and 15% are over 60 years. (http//www.dob.state.fl.us/). These factors have led to an increase d demand in the supply of nursesIn Florida, various factors play a critical percentage in determining the salary that a nurse is to be paid. These include the academic level, time spent at job, the locale, and experience. There are divers(prenominal) types of nurses school nurses, occupational health nurses, Geriatric nurses who work and care for the time-honored and also those with masters and doctoral degrees. All these have a polar structure of salary.However, generally the average starting salary for a smart nurse in Florida ranges from about 15 dollars an hour or roughly 31,000 dollars a year. However, the salaries increase tremendously with experience. The salary of an advanced registered nurse practician (ARNP) range from 45,000 dollars to over 90,000 dollars annually. (http//www.floridanurse.org/foundatrionGrnats/index.asp) Utah State also faces a shortage of nurses. The situation is a more severe and critical shortage. Utah has age nursing professionals with an avera ge registered nurses being 47 years. However, Utah can employ various techniques to increase the supply of nurses.They can increase the number of nursing faculty in the various nursing schools. Young men and women interested in developing a career in nursing can get an opportunity to train in the arena. The nursing schools can be increased to accommodate more students and also be able to produce refresher courses to learners. Learners can also be given loans, scholarships and grants to undertake nursing education programs. This will increase the supply of nurses tremendously. (http//www.utahnurses.org/portal/default.)REFERENCEFlorida Nurses Association article- Retrieved on twenty-third Jan 2008 fromhttp//www.floridanurse.org/foundationgrants/index.aspLovell, v. (2006). Solving the nursing shortage through higher wages. form for womens policy research Washington DC, USA.Utah Nurses Association article- Retrieved on 23rd Jan 2008 fromhttp//www.utahnurses.org/portal/default.