USA has much less doctors per capita than Europe though, so the problem isn't the same. It would be nice to have more doctors in Europe, but in USA it is a critical problem.
USA has much less doctors per capita than Europe though, so the problem isn't the same. It would be nice to have more doctors in Europe, but in USA it is a critical problem.
Conversely, I am not convinced that more doctors in the US would lead to a big drop in earnings assuming the market there is 'freer' than in Europe. It's a rich country and healthcare is very valuable with high barriers to entry in any case.
Europe is a big target, and there is quite a bit of variability country-to-country, but in general I would say yes. For example, in France the median physician salary is €120k/year and the median software engineer salary is €55k/year. So the median physician makes 2.1x the median developer.
In the US you have a median of $110k for SWE and a median of $255k for physicians (NOT 350k, as I've addressed on HN previously - see the US CES data [1]). So about 2.3x.
I've been saying this for a long time: doctor scarcity is a red herring. Training more physicians or nurse practitioners or physician assistants will not bring down healthcare costs.
[1] https://www.oecd-ilibrary.org/sites/b39949d7-en/index.html?i...