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If the supply of doctors is restricted, then you'd expect them to get higher pay, and vice versa with teachers. I agree it is a secondary effect. The cost of tr
by WillPostForFood 8y ago
If the supply of doctors is restricted, then you'd expect them to get higher pay, and vice versa with teachers. I agree it is a secondary effect. The cost of training/education required to perform the job is bigger, though it ultimately has the same effect of reducing supply.
- bandrami 8y agoWere we to, say, stop the cap on H1-Bs in the medical profession, doctors' pay might migrate down towards teachers' and the OECD average (and US healthcare might be affordable).