4 ms·
> are constrained by a centralised body > supply outstrips demand quite a bit How does that follow? It is constrained therefore supply is artifically lowered.
by hahaxdxd123 4y ago
> are constrained by a centralised body
> supply outstrips demand quite a bit
How does that follow? It is constrained therefore supply is artifically lowered. No matter the demand, no one can supply more doctors than the body permits, therefore the price for each is quite high.
- deleted 4y ago[deleted]
- lll-o-lll 4y agoNot demand for the services, that’s high. Supply of talented humans for the role is much much greater than the positions available. So based on the aforementioned logic; lots of competition for limited spots should reduce the wages paid right?
- anon7725 4y agoThe medical licensing body is making the market in surgeons. Their interest is in keeping wages high and supply low. In fact, “making the market” is not even the right analogy - the licensing body is the sole supplier of surgeons. Nobody is making the market in game devs, so market wages prevail. Gaming happens to be the world’s most popular form of entertainment so it’s not surprising that more people want to be game devs than say write ERP software. There are also way fewer game dev jobs than there are general dev jobs. This isn’t rocket science.
- Kubuxu 4y agoYes, that is why residents are paid pennies. But once you are fully qualified surgeon, your are in the artificially limited pool of people who can operate on patients. Which leads to high salaries for surgeons.