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How do you incentivize smart people to go into cancer treatment instead of other careers? If they can't get rich treating cancer, talent will choose other field
by mattmcknight 4y ago
How do you incentivize smart people to go into cancer treatment instead of other careers? If they can't get rich treating cancer, talent will choose other fields where they can get rich. The market allocates funding to that which people find important. Health care is extremely important, so it gets a lot money thrown at it.
- fzeroracer 4y agoCountries other than the US exist. Doctors, health care workers etc are significantly less paid in Japan and yet they still exist. The idea of 'market forces dictating absolutely everything' is proven objectively wrong by countries that still have a large amount of doctors despite being paid less. The market theory would posit that all of those doctors and what not would move to a country that pays them more but there are many, many other factors other than just pay.