Which is why the AMA in the US uses collective action to strictly limit the number of new medical degrees and licenses. They also do a lot of lobbying to ensure

Which is why the AMA in the US uses collective action to strictly limit the number of new medical degrees and licenses. They also do a lot of lobbying to ensure that their job territory is not encroached upon by nurses, EMTs, or other potentially capable non-doctors. If getting a medical degrees leaves you with no debt, and practicing as a doctor saddles you with little liability, why would you be able to demand a high salary?