[kylebrown]

> Imagine for example you could make $120,000 a year as a programmer, or $200,000 a year doing factory work. Do you think society will produce more programmers or more factory workers?

Say I can make $25k a year as a janitor, or $360k as an anesthesiologist. Is society producing more janitors, or more anesthesiologists?

[imron]

That analogy doesn't fit what I'm saying because an anesthesiologist is a highly skilled occupation and it takes years of specialised training to a gain the qualifications and skills necessary to work in that field.

Flipping it around and you get something closer, e.g. imagine instead a janitor made $360k a year and an anesthesiologist $25k. You'd find society would have a huge shortage of anesthesiologists because why would anyone go through all that training to get a job that pays a fraction of what you could earn cleaning toilets.

You'd also find people dropping out of college to become janitors.

Now ask yourself what happens in developing countries when unskilled factory workers get paid double what you could earn as a university graduate. What happens is that many people decide they would rather work in a factory than go to university.