Right now we have a situation where FAR more young males and females WANT to become doctors, but can't because they obviously need a medical license - which requires formal education and training. But the medical community gets to keep a cap on the the number of applicants being admitted into medical school.Then why would they bother becoming doctors when plumbers can make more money?
Or, they'd go to the US where they can get paid more...
Imagine we had the same situation in say the IT industry. Lets say we had enforceable laws in place that said the public could only use an elecronic device or computer program that was writtien by a licensed practioner. And in order to obtain that license, one had to earn a degree from the computer science department from an accredited Canadian university. What would that do to the salaries of those graduating from accredited IT programs in Canada? Obviously they would skyrocket. And there would be a lot of public pressure to increase the number of accredited IT education programs get more licensed people out into the workforce writing computer code for the IT industry.
This is the same situation that exists in medicine today. And with the deomgraphics pointing to an aging population, the situation is only going to get worse - demand for doctors is going to far outpace supply.
Of course, any mention from the public of ideas to build more medical schools and therefore increase the number of doctors entering the workforce is going to meet HUGE resistance from the medical establishment itself....They will go on about how the flood of new med students will translate into a lower quality medical care in the future...more likely they are worried about their own earnings becoming diluted, once the supply curve begins to shift to the right.