I for one am ecstatic about this. I want less competition for my role, not more. It is hard to compete when the top 5% of every other economy comes in and crowds me out.
Doctors vs Software Engineers are very interesting case studies in my eyes. AMA (American Medical Association) has successfully lobbied congress to cap residencies at 100K a year, essentially restricting supply. Foreign doctors have to go through a gauntlet of exams, tests, and licenses that keeps market from being flooded with cheaper talent and diluting local doctor salaries. Software Engineers have failed to unite…
Actually, this is a great example. By restricting medical professionals, medical wages went high. Great for them!
But for the rest of America, this SUCKS. Medical expenses are through the roof, care cannot be had without selling all your money and often, specialist shortages mean appointments can be had only 3 months later. The lack of liquidity of healthcare professionals has made American healthcare the WORST in the developed world.
And this is in cities. Healthcare in rural America is pathetic.
Thanks for bringing to the fore how America has forever destroyed lives for the rest by trying to advantage the few.