It happens in dentistry too. Back a few decades ago, the government introduced capitation plans for education, requiring that dental schools churn out x number of graduates per year. What started out as a shortage ended up producing an oversupply of dentists in the 70's and 80's, and salaries dropped accordingly. I'm not too clear on the details of how the problem took root, but as recently as a decade ago, dentist salaries were dramatically lower than they are right now. We're definitely not immune from market cycles (and government meddling).
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What Dentists Make...
Started by Mo007
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