The ever rising cost to become a doctor and all the new shiny and costly equipment is also a factor. I don't know how long to get a doctor degree now but ever few year I hear it is getting longer. Last dentist I talked to spend 7 year in school plus 150k for the equipments in the office. I often wonder if it is really necessary to make it that difficult or the doctor union just don't want more people in the industry driving down fees...
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I completely agree. That is where there is too much bureaucracy and regulation affecting the market. I bet many smart people do not become doctors due to the cost when there are other professions that do not require as much schooling but make a comparable rate.