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Submitted by Obio, Nov 7, 2006 18:33

My dad is a 70 year old, Ivy League educated, Manhattan based MD (specialist) at the top of his field, has his own private practice, and is probably the hardest working and most educated person I know. He loves the practice of medicine deeply (I'm not just saying that -- he really does). He made $68,000 last year. He is unbelievably frugal, and hasn't taken a vacation in years. He can barely afford to live in the NY suburb where his house is.

I work about 1/4 the amount he does and I make about 3 times as much as he does. He's vastly better educated than I am (I partied far too hard when I was younger), and he works much harder than I do. He is extremely well respected in his field, has published numerous papers and is a wonderful doctor.

Meanwhile, his friends who are bankers and real estate professionals are making tens of millions a year. Why on earth would anyone want to be a doctor today?

The problem with the medical industry is socialism, plain and simple.

Like socialism anywhere, it doesn't work.


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I am a surgeon in California, age 40.I currently have personally witnessed the decline of education, motivation, and quality in... [MORE]

James 

Nov 11, 2006 18:47

Interesting comparison to hairstylists... 1) While the physician and the hairstylist are compensated equivalently for their 15 minutes does the hairstylist... [MORE]

Kenneth P. Cheng, MD 

Nov 8, 2006 17:13

While few physicians are as hurting as the one making $20,000, and why does not make sense. If they do... [MORE]

REG 

Nov 8, 2006 07:34

My dad is a 70 year old, Ivy League educated, Manhattan based MD (specialist) at the top of his field,...

Obio 

Nov 7, 2006 18:33

The doctor claimed that she paid herself a salary of 20,000 a year but she did not say whether her... [MORE]

Trig 

Nov 7, 2006 09:46

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