There is no free market in healthcare. It's completely arbitrary. In other countries, eg Italy, all physicians regardless of specialty pull the equivalent of like 60k a year. Young professors in Poland are rating in at a paltry 12 k a year. I understand that in terms of training time and knowledge requirements that I am on par with psychiatrists and other physicians but that is not what determines income. Think about it. In medicine, the most in demand services are primary care, but they don't make the most money. Why? Theres many reasons, but I think a big one is there isn't enough money around for that to be the case.
Also, realize for some of the things we do, there are other fields that many in the public and insurance industries use instead. Cheaper. Lowest common denominator. We also have a quality control problem in our field. Quite frankly, the intellectual and labor exertion to get the minimum bar of entry in psychology is much lower than it is for our physician brethren. We have also flooded the market with folks from lower level training institutions. Why should they make huge money?
The people that I know that are psychologists AND very smart/competent all make nice money. As I don't see it as a free market situation, I find arguing over the compensation especially comparing to some other fields to be a bit arbitrary.
We can't really compare salaries for doctors in Europe and the US, because one is a graduate entry program which is outrageously expensive whereas the other depending on the country can be free and starts from the undergraduate level.
I find it extremely hard to believe that any specialty in italy makes only 60k. A) because italy depending on where you are is expensive and B) if an anesthesiologist is making 60k in italy then s/he is doing something wrong.
The point is NOT that doctors never make lower salaries, but rather, that they have more opportunity to increase their salaries, if they chose to do so.
There will
always be a need for doctors, and whether that means a lot more people have to do specialities with lower interest, then so be it. This is the difference with a MD and a JD or Ph.D.
The fact that there are things that people can basically do without having a Ph.D in psychology is disconcerting to say the least. Imagine if someone with a masters degree in health science attempted to do what a doctor does? Why is it not protected like this in psychology?
I think it is fair to compare it to other fields. These fields are not exactly completely opposite, and demand basically the same amount of knowledge and time, as you say. Besides if we do not compare salaries to other fields than what do we compare it to ? This is the problem that people have. They think their salary is decent because a psychologist could be making more than other psychologists, but compared to a psychiatrist it is nothing. A status quo develops when people decide that this is a decent salary.
Why shouldn't we compare a psychologist's salary to a psychiatrist's one? It's even harder to become a clinical psychologist than a psychiatrist. Med school and psych residency are easier (to be admitted) than entry to clinical psychology.
People from lower level institutions shouldn't be making huge money. This is where the salary difference between MDs from harvard or a third tier medical school show. They may not mean anything in terms of what they know, but the MD in harvard definitely have better chances to better residencies and opportunities. So, too, should this work in psychology.
I propose that a clinical psychologist's salary be :
25% lower quartile - 65 - 120k
Mean = 120 - 180k
25% higher quartile = 180k-250k+
I am arguing that you should be commanding a much greater salary, why would someone be aversive to that is beyond me?
If you argue that it's not realistic, then i'd counterargue that this status quo has been created from the start, and won't be broken until we command a change.