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Maybe not 100% but what fraction of PhDs are professors, maybe 3-5% at most, what about fraction of MDs working as medical doctors, I'm guessing its much much higher (with higher wages) since they limit enrollment in school and residencies (they don't rely on cheap grad student/post-doc labor).



Why would we think these fractions should be closely related?

And attending surgeons definitely rely on cheap resident labor.




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