Final answer:
Free agent nurses often receive a higher hourly rate than their full-time or part-time counterparts, reflecting the demand for their flexibility and ability to travel to areas with staffing shortages.
Step-by-step explanation:
It is generally true that a free agent nurse or a traveling nurse may make a higher hourly wage compared to full-time or part-time nurses. This is because free agent nurses are usually hired to fill immediate staffing needs, often in high-pressure situations or locations where there is a shortage of nursing staff. They might also have to relocate for short-term assignments and deal with the unpredictability of temporary positions, which justifies their higher hourly pay rates.
Moreover, the economic principle that as the salary for nurses increases, the quantity supplied will also rise applies. If the salaries in a specific area, for example, Minneapolis-St. Paul-Bloomington, are higher, this could potentially attract more nurses to the area. Those trained as nurses may be encouraged to work more hours or enter the workforce due to the higher wages available.