The chancellor says the impact of the junior doctors' strike on NHS patients is "regrettable".
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To what extent are pay rises for junior doctors inflationary? It's a question probably best not addressed by an unpopular former Health Secretary almost universally hated by medical professionals would be my guess. However, it raises some interesting questions about the prospects of a wage-price spiral and something more fundamental about the nature of healthcare more generally.
The issue is that healthcare suffers from "Baumol's cost disease" a phenomenon that argues that where it's difficult to measure productivity, such as in healthcare, wages often don't keep pace with productivity gains/inflation. The problem is that this means that these wages become less competitive over time to the extent that I can't see an argument for almost anyone becoming a nurse, or even in doctor in the current environment.
Factor in a government unprepared to be honest with the nation about the future, and the fact that healthcare costs and the demand for healthcare professionals are inevitably going to rise, and it might seem like we have an almost irresolvable situation. Or is any government going to argue for higher taxes - particularly property and wealth taxes, or bringing self-employment tax rates in line with everyone else - to fund this? I suspect that the current government are seeing AI as the panacea, but suspect that this is going to see a shift in demand from one type of labour to another.