"Shortage of homes"
There's no such thing as a housing shortage. There are only shortages of money. You should have paid more for homes.
There's no such thing as a housing shortage. There are only shortages of money. You should have paid more for homes.
The supply of nurses can grow and shrink arbitrarily in response to demand.
What’s illustrate is the supply of new nurses isn’t dramatically increasing suggesting the market is roughly happy with their current numbers.
Free markets don’t instantly respond to changes in demand, but they do respond to price signaling. The fact that the number of nurses isn’t increasing dramatically suggests the market is reasonably happy with their numbers.