Final answer:
The projection that there will be an abundance of practicing nurses in the next 10-20 years is false. The labor market for nursing is expected to encounter challenges, with potential shortages due to demand surpassing supply.
Step-by-step explanation:
The statement that a current nursing trend for the next 10-20 years is an abundance of practicing nurses is false. According to economic data and trends in the labor market for nursing and other healthcare professionals, the sector is likely to face several challenges. An analysis based on the principles of supply and demand indicates that the demand for nursing professionals may increase, but there is concern about whether the supply of nurses will be sufficient to meet this demand. Factors contributing to these challenges include an aging population requiring more healthcare services, and a potential shortage of nurses due to retirements and the high stress nature of the job leading to burnout.