Comment by _heimdall

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.