(Solution) ECON312N Week 2 Discussion: Demand, Supply, and Market Equilibrium for Labor and Wages


COURSE

ECON312N: Principles of Economics


Introduction
Research the local job market including the wage for the position you want when you graduate. Data is available from the Bureau of Labor Statistics; however, you can use other wage information sources. In your post, address the following:

  • Indicate the position, the national average wage, and the wage in your specific geographic location.
  • Examine the factors that influence the wage.
    • What specific local factors influence the wage and in what direction?
    • What national factors influence the wage and in what direction?
  • Was the data what you expected? Why or why not?
  • How does this information impact your choices about your future career and employment or relocation plans?

Follow-Up Post Instructions

Respond to at least one peer. Further the dialogue by providing more information and clarification.

SOLUTION

Hi Class,

According to U.S. Labor and Statistics, the national mean hourly wage for registered nurses is $38.47 (bls.gov, 2021). The mean hourly wage for registered nurses in the Tampa/St. Pete/Clearwater area is just below the national mean wage, coming in at $34.28 (Bureau of Labor Statistics, 2021). I am not very surprised that the Tampa area is a little less than the………..please click the icon below to access entire solution at $5