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by GabrielBen 3130 days ago
A common argument to justify high salaries is that the education is expensive. But its the other way around: education is expensive because salaries are high.

I also dont feel sympathy for how the medical education gets to have people hostage, as a reason to "not lower physician salaries". Its like saying that a slaver paid for his slaves, how can you take them away from him! It cost so much!

In any case, if salaries went down, less doctors would go to college, and colleges will either lower students or lower prices. Easily make-upable if you allow reasonable residencies for foreign doctors. The US could absorb an infinite amount from abroad where the cost of education is not irrational.

In argentina, a cardiologist might make 4000 U$S a month. If he could, he would jump ship to practice in the US immediately.