This foolishness doesn't affect me directly, but a friend who is a specialist in a downtown Toronto teaching hospital indicated that there is no chance he will be working at his type of stressful demanding job for 46.5 cents on the dollar, or less. He's been in practice for 20+ years, and his debts are paid.  He'll be taking a lot of vacations starting in 2018.   And a lot less "on call" work. 

Ironically, he relayed a couple of past incidences when a politician or their office called to get their appointment advanced, i.e. jump the queue.     LOL. I guess that won't be happening as often in the future.