In the context of registered nurses(because to be a nurse they must be registered they earn a median annual salary of $52,330. And are responsible for the safety care to patient and are accountable for the patient care delivery. Airlines pilots fly aircrafts of varying sizes, transporting passengers around the world. They are responsible for the safety of the airplane, its passengers, the crew and any cargo on board. In any flight airlines require two pilots; the captain and the copilot known as the first officer.
And before a flight they check airplane controls and equipment for checklist. While the copilots charts route and allocate flying time. After the receive clearance for takeoff, the pilot accelerates the plane until I lifts and becomes airborne. After that planes goes on autopilot, however pilot regularly report air route controls, and any problems. Near the destination airport, captain rechecks landing gear and requests for landing clearance. And if there’s poor landing visibility landing may be performed entirely manually by instrument.
Pilots also goes through various check by pilots examiners who regularly observe them to review their flying ability, these examiners are employed by the Federal Aviation Administration and by large airlines. The complexity and precision required in their work meant that pilots undergo rigorous courses of education and training. All airline pilots must have commercial pilots licenses to fly. Applicants must have at least 250 flight hours and be at least 18. They also must pass strict physical examinations to ensure that they are in good health and have both good hearing and vision.
The FAA also requires pilots to pass two tests; one being a written test to check knowledge of pilots in FAA rules, navigation techniques and principles of safe flight, while the other being a demonstration of flying skills, including flying by instruments. License are also granted for certain classes and types of airplanes where most pilots with more experience and training would be able to fly larger multiengine planes. Airline pilots are also required to have an airline transport license. Where to qualify they must be at least 23 years old and have a total of 1500 hours of flying time, including night and instrument flying.
Commercial pilots also need restricted radio operator’s permit from Federal Communications Commission. They must also pass psychological and aptitude tests. Once airline pilots are hired they also usually undergo a week of company orientation and a further three to six weeks of ground school and simulator training plus a twenty five hour operating experience and then finally a check ride with an FAA pilot examiner. However above all this it is important to note that most pilots begin as flight engineers who are stationed in the cockpit and make certain that aircraft and all instruments look in good working order.
And After two to five years, they can then advance as first officer (pilot). While Registered nurses on the other hand work to promote good health and prevent illness. They educate patients and the public on various medical conditions as well as treat patients and help in their rehabilitation; and also give advice and emotional support to patient’s families. Many registered nurses however are general duty nurses who focus on overall care of patients. They administrate medication under doctor’s supervision; keep record of symptoms and progress. General registered nurses also supervise licensed practical nurse.
RN does have choices to specilise; they can either specialize by work setting or type of treatment, by disease, ailment or condition, by organ of body or by population of type. These choices meant they have to a certain level of flexibility within they job which expels them from boredom. To become a registered nurse, nurse can earn associate degrees through two years nursing program at community colleges or earn a diploma in a three year program offered by hospital or independent nursing schools, they can also earn a bachelor of science in nursing degree which ake from four to four to five years to complete. After completing these programs nurses take on licensing exams administrated by each state that approves them for nursing practice. The profession of nursing is also now moving towards two levels of nursing; technical nursing requires associate degrees while profession nursing requires bachelor degrees. Under such system, only graduate nurses would be eligible for RN licensing which is recognized by the Ameriacan Assocation of College of Nursing as a minimum for profession nursing.
As this represent a higher level than that of technical nursing. In terms of working conditions airline pilots works at an average of about sixteen days a month. They usually spend fewer than seventy hours a month actually flying. And although aircrafts are usually clean confortable, the nature of their job involves considerate risk. As commercial pilots flying international routes may suffer from jet lags – disorientation and fatigue caused by many hours of flying through different time zones.
And although flying does not involve considerate effort to are subject to mental stress as they must always be alert and make quick decisions. They also work in pressure, as they are responsible for the safety of the aircraft, passenger and cargo. And they may lose their job anytime of the fail the demanding physical examinations that are taken yearly. Nurses on the other hand have significantly varying conditions based on their place of employment, however nearly all nurses job involve close contact with people so good health and emotional stability are extremely valuable assets.
Nurses also have risk as they must be careful workers who take their responsibility seriously, as a simply wrong dosage given to a patient could harm their life. Nurses must also follow rigid guideless that ensures the health and safety of themselves and their patients. In general nurses work forty hours per week and sometimes work in night and weekend shift. Nurses and airline pilots also take up various benefits that may be substituted for their pay. For pilots they are paid accord into the type, size, and speed of their airplanes and the number of hours and miles they fly.
They also receive extra pay for night works and extra flights. As for benefits they vary by employer. But generally includes paid vacations, sick leave, retirements plans and health and life insurance. Airline pilots and their immediate families can also fly at reduced airfares. Living accommodation and alliances are also provided when they are away from home. And for nurses their benefit includes paid vacation and holidays, sick leave, as well as good health insurance, and retirement plans.
Thus this shows that their benefit is fairly similar so would have a similarly equal substitution effect on wage. The equilibrium price of labour(ie market wage rate) in a given market is determined by the interaction of supply and demand for labour. Employees are hired to a point where the extra cost of hiring an employee is equal to the addition to sales revenue from hiring them, their MRP. As represented by Fig 1 where employment stops at D3W3 which is where extra cost of hiring an employee equals the additional sales and revenue gained.
In the labour market to determined the wage differentials of airline pilots and registered nurse, but rather a series of relevant factors that determined their wage. In the context of compensation wage differentials, airline pilots suffer greater degree of risk and unsatisfying flight hours so their wage represents partly the higher compensation receive than nurses who have greater flexibility where most work part time, and also their risk is also substantially less if they take care in following doctors order (as illustrated previously).
In the context of equalizing difference and human capital, wage differentials compensates for cost of human capital acquisition which is the opportunity cost of acquiring qualifications measured by the current earnings forgone by staying full or part-time education, in such context, airlines pilots rigorous and longer training period represents their higher paid salary than nurses.
In terms of their skill levels airline pilots again are required certain flying experiences in order to become a pilot thus meaning a comparatively higher skill level required entering the pilot job market where education and experience is require for pilots as oppose to nurses who have to only pass their degree or training and then go through their licensing exams. Both cost of human capital acquisition and skill level can be explained through supply curve of labour for airline pilots and egistered nurse, where the inelastic supply curve of labour for pilot’s (fig 2) meant that its slope would be steeper as the supply of airline pilots are more inelastic due to more skills, training and education required to become one. Whereas for nurses their supply curve is more elastic (fig 3) as less skill and training is required to become a nurses making it easier to become one.
In the concept of transfer earnings and economical rent, the theory is supply and demand suggests that airline pilots which have a more inelastic in supply and demand with have larger area of economic rent than transfer earnings, this is simply again due to the fact that are more scarce and to certain extend harder to become than nurses (as shown in Fig2). While fur nurses their transfer earnings would have a smaller economic rent and larger transfer earning (as shown in fig 3) as supply of labour is more elastic as becoming a nurse is comparatively easier.
As for the difference in labour productivity and revenue creation, workers whose efficiency is highest and ability to generate revenue for a firm should be rewarded with higher pay. Thus airline pilots can command higher wages as flying a flight generates more revenue than nurses taking care of patients. So when the concept of marginal revenue product of labour is applied, acquiring additional pilots to fly flights clearly generate more to firms for each addition pilots that adding additional nurses to take care of patients.
Strength of trade union also to certain extent affect averages wages in different occupations, where it is likely that the larger the percentage of union members in such occupation or company, the larger their collective bargaining power to achieve mark up on wages will be, this shown in Fig 2 where the effect of a strong trade union in a competitive labour market for both airline pilots and nurses is represented. For airline pilots, they are represented by ALPA a very strong union representing all 66000-airline pilots under one union.
As for registered nurses they also have a recently established National Nurses United union where 170000 nurses come together and represents a similarly strong union to that of ALPA where numerous protest has similarly received good results such as the recent healthcare funding protest. Discrimination is also important here as many researchers point that nurses pay have been decimate on their pay due to them being female. And as most airline pilots are males they may have not face such problems, such factor represents only contradict to airline pilots high pay.
However there are criticism that pilots have been overpaid while nurse are underpaid. As for pilots the increase in automation due to technological advance in aircraft desing and engineering meant that the life of pilots and precedures in flying an airplanes and significantly become an easier and smoother expireance, however their pay does not represent the increase in ease. Morever, pilots union being one of the strongest in the industry is also one of the strongest in the industry.
As for nurses, they have been recent critiscism and nurses being underpaid and overworked, as well as shortages, where nurses in recent times have said to have increased their job description to other parts usually allocated to other departments such as reception checks. As for shortages, sustained shortages of RNs are seemingly inconsistent with a theory of competitive markets wherein wages tend toward levels equating labor demand and supply, thus nurses should be paid more.
However, evidence of wage analyses indicate that RN relative wages have increased markedly over time and are well in excess of wages received by other college-educated women. To sum up, taking into consideration these criticism it can be justified that pilots should be paid more than nurse however with pilots having easier jobs their wages should to a small extent to represent that.
However on evidence based, conclusively pilots should get paid more than nurses ,as they have greater risk and fixed unsociable working hours so higher compensating wage differentials is needed as opposes nurse comparatively greater flexibility. Moreover higher cost of human capital acquisition for pilots meant their wage differentials compensate that as oppose to nurse lower cost. Also compensation of higher skill level needed for airline pilots as they need certain flying experiences is also compensated by their higher age as oppose to nurses simplicity a having a degree.