Final answer:
Regulatory and financial pressures, such as government regulations and the Affordable Care Act, have increased the demand for nurses and decreased the demand for less-qualified healthcare workers. This has driven the evolution of nursing and impacted the healthcare labor market.
Step-by-step explanation:
Regulatory and financial pressures have significantly influenced the evolution of nursing. Government regulations mandating that certain procedures be performed by nurses have elevated the demand for their services. As a result, less-qualified healthcare workers are restricted from performing these tasks, decreasing their demand and causing a shift in the labor market for healthcare professionals.
The implementation of legislation, such as the Affordable Care Act, which brings healthcare to millions more Americans, has also increased the demand for nurses. This shift suggests a need for a strategic analysis of supply and demand in nursing, foreshadowing various challenges and potential developments within the market of healthcare labor.