There are not enough students leaving school for that strategy to work. This is why there needs to be so many incentives for existing nurses to cover more shifts or handle more patients. There is no cavalry of new nursing students coming to help.
Part of the issue with your strategy is
that the more experienced nurses have made their money and they left once conditions got bad under covid.
So a lot of the current workforce is the unexperienced.
Secondarily , nursing is unique because they have the travel contracts. Your local hospital isn't competing for the nursing grads in your city; insead, they're competing for the Nationwide job pool of nursing grads. So there is an artificial floor because farther places will pay handsomely to have their hospitals filled. If you were a hospital administrator and you decided to lower your salary, all you're doing is giving the farther hospital all your new grads. New grads are spoiled for choice.
The only way to do what you are suggesting would be
To use the H-1B Pipeline and then use new students from foreign countries to dilute wages. But this won't work because H1Bs are simultaneously capped and they are hoarded by the tech industry which won't let them go. It's to the extent that if you were somehow able tell the indian companies to fck off and give out every single H-1B only to nurses, you would still have a shortage of 10,000 of them because the nation needs 75,000 nurses and the amount of H-1Bs for all disciplines is limited to 65,000.
But ultimately its a supply issue.The obvious solution for supply is for states and the federal government to come in and subsidize nurses education. This would fill the market with those new inexperienced nurses you're talking about. But this is the exact opposite strategy the department of education is trying to utilize under Trump.
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