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An economic analysis of comparable worth.

J M Disch, P J Feldstein

    The Journal of Nursing Administration
    |June 1, 1986
    PubMed
    Summary

    Comparable worth, a civil rights issue, is advancing nursing salaries. This paper examines market wage determination and presents alternative strategies for increasing nurse compensation despite implementation challenges.

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    Area of Science:

    • Healthcare Economics
    • Nursing Management
    • Labor Relations

    Background:

    • Comparable worth is a significant civil rights issue impacting the nursing profession.
    • Government agencies are exploring comparable worth for salary programs.
    • Implementing comparable worth in hospitals presents challenges for nurse executives.

    Purpose of the Study:

    • To analyze wage determination in competitive markets.
    • To explore the impact of noncompetitive market factors on wages.
    • To present alternative strategies for enhancing nursing salaries.

    Main Methods:

    • Economic analysis of competitive labor markets.
    • Examination of market restrictions and barriers affecting wages.
    • Review of alternative compensation strategies for nurses.

    Main Results:

    • Hospital implementation of comparable worth may incur significant costs and resource demands.
    • Market non-competitiveness can distort traditional wage-setting processes.
    • Alternative strategies offer viable pathways to increase nursing compensation.

    Conclusions:

    • Nurse executives must navigate economic complexities when considering comparable worth.
    • Addressing market non-competitiveness is crucial for equitable nursing salaries.
    • Strategic implementation of alternative compensation models can improve nurse earnings.

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