I get it, I love my career, but burning out is a real problem in high skill labor as is. This is especially the case for medicine. But I think the bigger concern is people dropping out of the education. Engineering school was brutal, and there were points I considered dropping out, but stuck around because it offered a better life than anything I could hope for if I dropped out. Medical school is even worse for that. Trades are physically difficult, often dangerous, and require education.

I don't think even most people would drop their career in that scenario, but I do think we'd find ourselves in a position where there's very little competition for jobs like these and a lot of competition for currently low wage jobs, though that would probably push more people into training for more stable employment.

Minimum wage still needs to be livable though