The median wage among physicians is over $166K a year, while the median salary for physician assistants is $86K a year. These salaries suggest that physicians have ________ human capital than physician assistants and hence the demand for labor for physicians is ________ than the demand for labor for physician assistants.

Question

Quizplus · Accepted Answer

Physicians typically have more human capital due to their extensive education and training, leading to higher wages and greater demand for their specialized skills compared to physician assistants.

The Median Wage Among Physicians Is Over $166K a Year