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Comment by jnwatson

In a market economy, shortages are simply a statement that the buyers value a good or service less than the market price.

Medical care shortages are mostly a function that hospitals don't want to pay nurses market rate and then treat them poorly.

The exception is doctors. The shortage there is completely driven by their guild (AMA) successfully lobbying for a restriction on the number of medical schools.

parent jnwatson 1 year ago

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