Is it ethical to admit PhD students into programs that probably won't lead to jobs? Exploitative pyramid scheme? Wonder what y'all think. https://twitter.com/EmmaJanePettit/status/1164295830796406784 …
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In fact, guild-like, they throttle supply
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I'm interested in the game theory here. If they allow anyone to be trained who passes the threshold, some people don't get jobs, or they compete down wages for everyone, thus fewer people apply to medical school, which is a long (10yr) investment, and the school shuttering.
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I'm not convinced this supply restriction is a question of ethics. And as a lay person, it seems like a market distortion that doesn't lead to better health. Very interesting question to ponder.
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Meanwhile there's a shortage of doctors or you get substandard doctors in places that don't have any choice. Is there a shortage of tenure track English faculty?https://news.aamc.org/press-releases/article/2019-workforce-projections-update/ …
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Not in India, here the position is about lack of doctors, whereas the real problem is lack of access
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These “centralized planners” set up a manufacturing-like business cycle: some years you have good inventory to meet demand while other years, not enough. They need to let communities (I.e. “customers”) make the forecast. Better yet, revamp the “assembly” process, like Dell did
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