Cutting the pay of doctors would reduce the number of people who become doctors, because while many would remain for non-monetary reasons, millions more are marginal entrants who would choose other professions like law; this shows money matters at the margin even when people aren't primarily money-motivated.
causalpending
Speaker
Garrett JonesEvidence Quote
“there's millions more who would become lawyers who are just willing to be a doctor at the current pay rate”
Created: 6/17/2026, 10:31:36 AM
My Notes
Loading notes...