Basically, if all three paid the same for 50-60 hours a week with little call/weekend/holiday...I think you would see FP become more popular...
Maybe, but, I haven't seen any evidence for that conclusion. Further, in most cases if you brought the sub-specialists lifestyles or life/work balance up to FP/FM levels in terms of actual practice, they (subspecialists) would not earn the income so envied by the FP/FM folks. More often then not, what I hear/read is maintain FP/FM/PC at ~50-60 hours (or less) a week with little call/weekend/holiday... but increase annual income to that of specilists that work ~60-80+ hours a week, take lots of call/weekend/holiday.
...It's a 3 year residency. (HUGE plus in my book)...
Right. It's another trade off. Many of the subspecialists put in not only a significant number of additional years of training but also the intensity and workload of training is significantly higher. It is the balance in lifestyle and training and lower intensity that numerous students also report attracks them to FP/FM/PC. In fact, I have often heard some say, "if surgery training was made easier and more like FP/FM/PC and the lifestyle of a surgeon was more like FP/FM/PC I would have done surgery".
Surgery: brutal hours and stress in residency, long hours and lots of call, especially in rural areas, malpractice claims...
OB: babies don't know the difference between night and day, malpractice claims...
So, I suspect that it is not just a money thing. I do believe the actual practice has a great deal to do with what we choose.
....I just hear a lot of people say "I like FP, but..."
And a lot of times it has to do with money, and student loan payments...
I hear the same about surgery, "I like surgery (or surgery is fascinating, etc), but...." And a lot of times it has to do with the length & intensity of training, the workload and lifestyle. As for money, I hear that as one dimensional from some. Some want to work as little as possible but make large sums. I think that is normal human/American profit motive. When you look at some of these folks in FP/FM that want the money, they hustle and make the money (i.e. >$200+). Do they make it sitting around, enjoying a 40 hour week? Probably not unless they are concierge. As to student loans, with a income somewhere in the range of $200k (plenty of folks start >$175 and quite a few >$200), you can make payments on a $200+ loan and still enjoy your life.
...No matter what you choose, don't feel too weighed down by your debt. You can pay down that burden in FM...
...Internal Medicine (real life practice), I've seen..and I liked the office based practice I saw. I just don't know if I could handle a residency of rounding all day with intermittent mental masturbation. That would be, to me, the definition of purgatory.
Then you need to be careful when thinking about FP/FM/PC. You need to look at what your residency will be and if FP/FM does not have too much rounding and mental mast. for you. Only you can answer what is too much. Again, plenty of folks choose one specialty over the other based on what they can not tolerate during training be it 3 or 5 years. I think it is a mistake to choose a career based primarily on the intensity of training or components of training you do not like. Most specialties can be tailored after training.
I really believe there needs to be more information out there as to what FP in REAL LIFE is composed of...I know I'd listen...
Which goes back to my earlier comments about poor marketing. The students I know that choose FP/FM do so because they like the field and the life balance. They are not self-sacrificing monks that believe they and their families will be living from check to check and drowned under their student loans. They also know what work level is put forth by the sub specialists to earn the incomes they earn. Some go on to work in FP/FM at the ~same levels and earn incomes very comparable if not greater then many general surgeons and still have a better lifestyle, life balance then the surgeons. You look on this forum and plenty of folks will discuss what their contracts are and the income they are signing for and the production expectations in a few years based on clinic track record(not based on expected political or insurance changes). However, you might also find those painting FP/FM/PC as being in such a suffering, overworked and underpaid profession. Again, back to my earlier comments about conflicting discussion that can be confusing to medical students. I suspect based on what I read here, the FP/FM/PCPs I know are apparently unique or exceptions because they hustle and they make bank for it.
Also, take a look at the following website just to get a taste of some of the opportunities and practices out there. It is by no means exhaustive:
http://www.aafp.org/careerads/