VICTORIA – The British Columbia government introduced legislation Monday that’s expected to add skilled workers into the labour force more quickly by reducing barriers for internationally...
Need to have more universities and colleges but cap the prices they can charge
That would reduce both the incentive and the ability for universities and colleges to increase the number of seats.
We have a ton of people applying every year to be trained/educated to be a nurse but many of them get denied a seat, sometimes multiple years in a row, because there’s only a limited amount of seats in the few universities that have a nursing program
So there is already plenty of demand at the current prices? In that case a combination of more seats and/or higher prices is needed to reach an equilibrium of supply and demand, right?
You were referencing two different scenarios. The first I was mentioning for doctors, since there’s a lack of doctors willing to pay hundreds of thousands of dollars to get into general practice when the pay is limited and they have to pay for the practice itself on top of that.
The other was for nurses, where there is a demand because they schooling doesn’t actually cost outrageous amounts and the pay is pretty good, but there’s not enough seats to train the numbers we need.
Plus you have lots of students being accepted into those limited number of seats and find out they don’t actually want to be a nurse or can’t pass the courses halfway through, which takes the opportunity away from others who could have been in those seats.
Please help me understand.
That would reduce both the incentive and the ability for universities and colleges to increase the number of seats.
So there is already plenty of demand at the current prices? In that case a combination of more seats and/or higher prices is needed to reach an equilibrium of supply and demand, right?
You were referencing two different scenarios. The first I was mentioning for doctors, since there’s a lack of doctors willing to pay hundreds of thousands of dollars to get into general practice when the pay is limited and they have to pay for the practice itself on top of that.
The other was for nurses, where there is a demand because they schooling doesn’t actually cost outrageous amounts and the pay is pretty good, but there’s not enough seats to train the numbers we need.
Plus you have lots of students being accepted into those limited number of seats and find out they don’t actually want to be a nurse or can’t pass the courses halfway through, which takes the opportunity away from others who could have been in those seats.
Thank you for helping me understand. It makes sense.