HappySqurriel said: It would be impossible to attract people who could do these same jobs without offering them a similar or greater salary. |
Then why are there doctors in France, Britain, and Sweden? If you look at America, many of our professions pay much more than similar developed countries.
Yeah, if you forced a pay cut on doctors they would go into some other high paying proffesion, so you would have to do a major overall and bring down many of overpaid salaries down at once. Thats not possible under current conditions, but it doesnt mean it doesnt need to be done.
As for a doctor's education, the average doctor can expect to make $200,000 a year (keep in mind that family doctors make much less than specialists, and thus are pulling the average down). As for your calculations, the only thing that makes becoming a doctor look less appealing is the cost of education, which is obviously high since many of their deans and teachers are making a ton of money (At my university, the president makes $800,000 a year and the dean of medicine makes over $500,000, not to mention numerous other deans and professors as well as a neurosurgeon doctor who make over a million a year). As long as these people have these salaries education is going to be coslty, so all doctors will need to make a lot of money to pay them off, and thus charge patients a lot of money.