In the short term, paying more will pull doctors out of retirement/semi-retirement, and delay retirement for existing doctors. In the medium term, you'll start

In the short term, paying more will pull doctors out of retirement/semi-retirement, and delay retirement for existing doctors. In the medium term, you'll start attracting doctors from related fields who are willing to retrain. And in the long term, paying more will attract more candidates graduating from med school who will be performing useful work in 5 years or so. In software engineering, attracting engineers from other less profitable industries wouldn't take nearly as long.