Final answer:
The major benefit of diploma-type training programs for nurses is increased practical experience, which may lead to higher salaries due to the practical skills gained. Moreover, higher salaries in a particular region can attract more nurses to that area, increasing the supply of trained nurses in the job market.
Step-by-step explanation:
The major benefit of diploma-type training programs for nurses is increased practical experience. These programs typically focus on hands-on training, allowing students to gain valuable clinical experience in healthcare settings. Due to this practical focus, diploma programs may lead to a smoother transition into nursing roles, potentially resulting in higher salaries because of the direct applicability of skills learned.
While we do not have definitive information on whether the number of nurses will increase or decrease, it is understood that as salaries rise, more individuals may be attracted to the field and those trained may be more likely to remain in full-time nursing positions.
Moreover, the economic principle suggests that if nurses' salaries in a particular area like Minneapolis-St. Paul-Bloomington are higher than in other cities, it could result in an increase in the number of nurses seeking jobs in that area. This could lead to more people willing to train as nurses and an increase in the quantity of nurses supplied in the job market.