• Doctors need higher qualifications - take longer to train - reduces supply - makes supply more inelastic -.
• Doctors are more skilled - more productive / efficient - in higher demand -.
• Doctors may have a more powerful professional organisation / trade union - giving them greater bargaining power -.
• Doctors maybe a different gender to nurses - discrimination may occur -

The disparity in wages between doctors and nurses can be attributed to several factors. When analyzing why doctors are paid more than nurses, the following points can be considered:
➡️1. Higher Qualifications and Training: Doctors require extensive education and training compared to nurses. They typically undergo several years of medical school, followed by specialized training in their chosen field. The rigorous and lengthy training process increases the cost and investment required to become a doctor, leading to a smaller supply of doctors compared to nurses. The limited supply of doctors contributes to their higher wages, as their skills and qualifications are relatively scarce.
➡️2. Skill and Productivity: Doctors possess specialized medical knowledge and skills that are essential for diagnosing and treating complex medical conditions. Their expertise and ability to make critical decisions often carry higher levels of responsibility and accountability. The specialized skills and productivity of doctors, combined with the demand for their services, contribute to their higher wages.
➡️3. Bargaining Power: Doctors, as a professional group, often have a stronger bargaining position due to their powerful professional organizations and trade unions. These organizations advocate for doctors' interests and negotiate with healthcare institutions and government bodies to secure favorable compensation packages for their members. The collective bargaining power of doctors may result in higher wages compared to nurses, who may have comparatively weaker representation.
➡️4. Gender Disparities: It is important to acknowledge that gender disparities exist within the healthcare industry. Historically, nursing has been a predominantly female profession, while medicine has had a higher representation of male practitioners. Gender discrimination can play a role in wage differentials between doctors and nurses, with male-dominated professions often being rewarded with higher wages. However, it is essential to address and challenge such gender disparities to ensure fair compensation across healthcare professions.
It is crucial to note that the factors mentioned above are general observations and may vary across different healthcare systems and countries. The wage difference between doctors and nurses is a complex issue influenced by various economic, social, and institutional factors. Ultimately, the compensation levels are determined by market forces, supply and demand dynamics, skill requirements, and societal norms within the healthcare sector.