|
|
|
|
|
|
by smnrchrds
2324 days ago
|
|
|
That's what I meant by relative terms. Relative to cost of living, American tech workers get paid much more than any tech workers anywhere else in the world. American tech workers get paid close to American doctors and get to enjoy doctor-level prosperity. Canadian doctors, in relative terms, get paid about as much as American doctors and get to enjoy similar levels of prosperity as them. Canadian tech workers, however, don't get paid as much as Canadian doctors, but as much as Canadian engineers, so they get to enjoy a lower level of prosperity. Canadian engineers get paid, in relative terms, close to American engineers. Anywhere in the world, with the exception of the US, this is the case. US the outlier. Whether it proves the be the outlier that reverts to mean or one that the mean reverts to remains to be seen. I personally think it would be the former. But I don't have strong opinions on it one way or another. |
|
|
No they don't.
> Canadian doctors still make dramatically less than U.S. counterparts: study
> Despite recent fee hikes, Canadian doctors still lag dramatically far behind their American counterparts in income, according to a new study that also underscores the wide pay gap in both countries between front-line “primary-care” physicians and much-wealthier surgical specialists.
https://nationalpost.com/news/canada/canadian-doctors-still-...
> Anywhere in the world, with the exception of the US, this is the case. US the outlier. Whether it proves the be the outlier that reverts to mean or one that the mean reverts to remains to be seen.
The US has been the richest country in the world in terms of average individual consumption (not income, some small countries like Norway have higher incomes) since independence and before. It's been at the technological frontier since the 1940's at the latest, and very close to it its entire existence. There may be mean reversion in the long run but given the greater share of young people, the best higher education system in the world and a relatively open immigration system there's little reason to believe it'll change anytime soon.