Comment by 0xDEAFBEAD
2 years ago
Teaching, nursing, and policing are all either _highly_ regulated or outright organized by the government. So I don't know if it makes sense to say something like "the market chooses not to prioritize policing" or "teacher's unions allow teachers to collect above-market salaries". The voters seem more relevant than the market here.
Yep that's a fair point. Government intervention can muddy the waters similar to unions, with regards to markets deciding on prices and value.
There is still some level of market sentiment though, both in that we don't collectively prioritize politically pushing through higher wages and individuals are still willing to do the jobs for the current salary rates.
Nursing may actually get the triple whammy - unions, governments, and insurance monopolies all weigh heavily into hourly rates and salaries for medical professionals.
Yep that's a fair point. Government intervention can muddy the waters similar to unions, with regards to markets deciding on prices and value.
There is still some level of market sentiment though, both in that we don't collectively prioritize politically pushing through higher wages and individuals are still willing to do the jobs for the current salary rates.
Nursing may actually get the triple wammy - unions, governments, and insurance monopolies all weigh heavily into hourly rates and salaries for medical professionals.