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Skill markets are not very efficient: not all developers jump to blockchain or ML for example. Also there tends to be limits on how many slots for residences an
by conanbatt 5y ago
Skill markets are not very efficient: not all developers jump to blockchain or ML for example. Also there tends to be limits on how many slots for residences and practices there are for different specialties: the system is purposefully capped to make sure that there aren't too many doctors.
The way to skip all of this is massive de-reg.
- lostphilosopher 5y agoWhat are the government regulations that drive this? (If that’s what you mean?)
- conanbatt 5y agoYou can only practice medicine if you studied in the US. No doctor in the world can practice medicine in the US without having to re-certify their knowledge. Also, education is closely tied with government funding, so it's impossible to bootstrap a college or university to cheapen the cost of education. Thus you can only go all-in to medschool. This is not 100% accurate, there are some alternatives like PA's and NP's. So the current system can absorb only so much. There are also specific funding rules for residencies, which mean that the amount that is given is done based on gov funding.