COURSE  

 ECON312N Principles of Economics

Week 2 Discussion: Demand, Supply, and Market Equilibrium for Labor and Wages

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?

SOLUTION  

I am currently working as a Registered Nurse in New York City. After graduating with my Bachelor of Science in Nursing, the job opportunities and increased salary opportunities for me will be more abundant than with my Associate of Science in Nursing. According to the Bureau of Labor Statistics, the national average annual wage of a Registered Nurse is $80,010, with a wage of $89,760 specific to my location of New York (2021). ……please click the icon below to purchase full solution at $5