Surgeons and game devs are not comparable. There's no free market in medicine in most countries as the doctors have formed their own cartel/union which decides who gets to be let in and under which conditions and without membership to that tribe you cannot practice.

So why doesn’t every group with valuable skills form similar cartels? Why isn’t there some “game dev” certification body to achieve the same?

Now I understand what this Chartered Professional Engineer thing is all about! It’s a license to print money by controlling supply! I want in!

Because SW devs never wanted to unionize in any way as they say they'll get held back by unions and they'll make more compensation without them.

And no, most chartered engineers do not really print money, some making even less than SW devs.

In my insignificant EU country, nearly every profession has it's own labor union, and guess what, the IT union is one of the weakest, seeing some of the worst possible contract terms and work conditions for a skilled profession, while the metal workers union being one of the strongest, having some of the best perks, rights, working conditions and mandatory wage increases in the country.

It’s not a dirty leftist union, it’s a certification body to ensure the high ethical and professional standards of our members!

We can have cool ceremonies! Stuff to hang on your wall! A club house!

Well, it's hard to get in, which is the whole point.

> are constrained by a centralised body

> supply outstrips demand quite a bit

How does that follow? It is constrained therefore supply is artifically lowered. No matter the demand, no one can supply more doctors than the body permits, therefore the price for each is quite high.

Not demand for the services, that’s high. Supply of talented humans for the role is much much greater than the positions available. So based on the aforementioned logic; lots of competition for limited spots should reduce the wages paid right?

The medical licensing body is making the market in surgeons. Their interest is in keeping wages high and supply low. In fact, “making the market” is not even the right analogy - the licensing body is the sole supplier of surgeons.

Nobody is making the market in game devs, so market wages prevail. Gaming happens to be the world’s most popular form of entertainment so it’s not surprising that more people want to be game devs than say write ERP software.

There are also way fewer game dev jobs than there are general dev jobs. This isn’t rocket science.

Yes, that is why residents are paid pennies. But once you are fully qualified surgeon, your are in the artificially limited pool of people who can operate on patients. Which leads to high salaries for surgeons.