The issue with that is at times like this. When economics are bad. The UK has a long history of emigration. And medical professionals are by far the most in demand worldwide.
If this nation, dos’e not offer a competitive standard of living compared to other nations. Those that can leave will and always have.
So yes, if you want to keep people in the field. You must either appeal to those from a lessor standard of living. Or raise yours to your competitor’s level.
People don’t work like that and there are costs your aren’t rationalising.
Things like pensions, healthcare, PTO, lower crime. But even then I think most people want to stay at home. So a large difference will cause a large movement when times are bad. But a small price difference isn’t going to cause all the UK medical staff to move like a perfect competitive market.
UK people need to be paid more, bit not the same as the US.
The issue with that is at times like this. When economics are bad. The UK has a long history of emigration. And medical professionals are by far the most in demand worldwide.
If this nation, dos’e not offer a competitive standard of living compared to other nations. Those that can leave will and always have.
So yes, if you want to keep people in the field. You must either appeal to those from a lessor standard of living. Or raise yours to your competitor’s level.
People don’t work like that and there are costs your aren’t rationalising.
Things like pensions, healthcare, PTO, lower crime. But even then I think most people want to stay at home. So a large difference will cause a large movement when times are bad. But a small price difference isn’t going to cause all the UK medical staff to move like a perfect competitive market.
UK people need to be paid more, bit not the same as the US.