The comparison to doctors is an interesting one, but also a very poor one. Doctors run a cartel in the traditional economic sense. The AMA pushed to restrict th

The comparison to doctors is an interesting one, but also a very poor one. Doctors run a cartel in the traditional economic sense. The AMA pushed to restrict the number of residency slots, and what’s more is that Medicare incentivizes teaching hospitals to prefer specialists over general practitioners. Doctors are certainly overpaid. Restrictions like HIPAA and such make it difficult to outsource labor on the software side. It’s clear engineers are overpaid in the US relative to developer salaries in other wealthy countries. That makes me uneasy, but we got here without a well defined union or cartel to restrict inflow of labor.