Would you still do it if you didn't get paid as much?

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

Pkboi24

Don't laugh at my SN
15+ Year Member
Joined
Jan 8, 2005
Messages
1,139
Reaction score
14
Hypothetical situation: You get paid $50,000/year but the price of med school and malpractice insurance decreases proportionally and residents get paid just as much as full-fledged doctors. The economy does not change. You will be living the lifestyle of someone on a $50,000 salary. Would you still do it? Why?
 
If everything was cheaper? Yeah. Why not?
 
Yep, 50k/yr is doable. I'm not in this for the money.
 
Pkboi24 said:
Hypothetical situation: You get paid $50,000/year but the price of med school and malpractice insurance decreases proportionally and residents get paid just as much as full-fledged doctors. The economy does not change. You will be living the lifestyle of someone on a $50,000 salary. Would you still do it? Why?

Probably not. Id just go to grad school instead.
 
a very difficult question to answer, for now i'll say yes, but there're just so many things to consider.

By lowering the cost along with the payout of medical education, you're going to decrease the competition and even the quality of students that go into this field. Also, because the cost is low, i think people would take medicine less seriously as a career than they do now, because if they don't like it, they don't have to be committed. thus the students entering this career might not be as dedicated to begin with. As such, i don't know if i would like my peer group as a physician in this hypothetical universe.

although it greatly saddens me to admit this, money and respect are pretty intertwined in our society. Just look at teachers and professors, who have such an impact on people everyday and yet, aren't paid well, and aren't well respected. being paid less is associated with being less in demand and thus the dynamic between consumers (patients) and producers (doctors) would change entirely.

my point is, money is so deeply ingrained in our world that you can't just change the fiscal aspect of medicine without repercussions on the social or emotional aspects.
 
kirexhana said:
a very difficult question to answer, for now i'll say yes, but there're just so many things to consider.

By lowering the cost along with the payout of medical education, you're going to decrease the competition and even the quality of students that go into this field. Also, because the cost is low, i think people would take medicine less seriously as a career than they do now, because if they don't like it, they don't have to be committed. thus the students entering this career might not be as dedicated to begin with. As such, i don't know if i would like my peer group as a physician in this hypothetical universe.

although it greatly saddens me to admit this, money and respect are pretty intertwined in our society. Just look at teachers and professors, who have such an impact on people everyday and yet, aren't paid well, and aren't well respected. being paid less is associated with being less in demand and thus the dynamic between consumers (patients) and producers (doctors) would change entirely.

my point is, money is so deeply ingrained in our world that you can't just change the fiscal aspect of medicine without repercussions on the social or emotional aspects.

A lot of professors actually get paid $100,000+, and depending on what they teach, I usually have more respect for professors than physicians.
 
no, its too much time in school and too much work to not get better salary. ive never been one of those people who, for whatever reason, feel that medicine is the only career out there. there are other ways to make a positive difference in the world. me? probably do teach for america and start in on education policy or go for my MPH or MPP and try to enter government service/academia in health policy or just do the obvious and enter my name in the NBA draft lottery 🙂 .

you dont have to "be in it for the money" to want fair compensation for your work. like i think law2doc said in another thread, it isnt an either/or proposition.
 
I'd probably go for it as long as the tuition and malpractice decreases proportionally and the number of hours working also decreases. If medicine was like engineering or any other job, I think it's still worth it because there's a certain security in the field. Also, I enjoy medicine for other reasons: the science aspect, people interaction, job security.
 
Pkboi24 said:
A lot of professors actually get paid $100,000+...

However, the overwhelming majority of people in education - from kindergarten through professional schooling - are overworked and underpaid.
 
Rafa said:
However, the overwhelming majority of people in education - from kindergarten through professional schooling - are overworked and underpaid.

true dat
 
Honestly, the money is a great part of this, but I have tried to think of what I would do if I weren't to become a surgion and I can't think of one damn thing. This is it for me. It's my dream.
 
NonTradMed said:
I'd probably go for it as long as the tuition and malpractice decreases proportionally and the number of hours working also decreases. QUOTE]


I think the kicker for me as far as being a physician working for much less money is the hours. I imagine as a doctor that I'll probably have to accept working close to 80 hour weeks for a lot of my career, way beyond residency. I would not choose to work 80 hour weeks for 50K annually. Maybe if the hours decreased to 40 or 50 a week, though, it would seem reasonable.
 
no, I would prob just sell homemade lemonade with my nextdoor neighbor on the sidewalk and save up money that way to buy a house, also possibly a mercedes benz if the economy was right and lemonade was in high demand.
 
why wouldnt you be a physician? you can be your own boss and come up with innotative ideas...overall, it's a fun fun job! money? nah, never thought about it really; however, it's a necessary evil...
 
Pkboi24 said:
A lot of professors actually get paid $100,000+, and depending on what they teach, I usually have more respect for professors than physicians.

a physician has a greater burden to fulfill in his profession than a professor
 
And to be a professor there are usually 300+ applicants per job.
 
xholliesterx said:
Honestly, the money is a great part of this, but I have tried to think of what I would do if I weren't to become a surgion and I can't think of one damn thing. This is it for me. It's my dream.
i feel the same way
 
Probably not. Several of my classmates who just graduated last week have jobs paying $65,000 their first year, 75K second year, and the potential for 6 digits thereafter. Bachelors degree. The job is soley patient contact at hospitals, working out of home when not at the hospital.
 
seems this money thing comes up a lot on sdn...usually to set up the "you're just in it for the money, you'll be terrible" argument.

fact is, some people are in it for the money. and some of them will be fantastic doctors. and some won't.

some people are in it because they just love medicine or just want to help people regardless of compensation. and some of them will make fantastic doctors. even more shocking...some of them with the "best" motives will make $hitty doctors because they just might not be as good.

when you get down to it, there's a total package of the job itself, compensation, prestige, etc...we're all here because we want to be doctors so we're all here for that whole package regardless of which piece is the most important to each person...

(side note: this is not an attack on the OPs question...i think it's interesting...just a response to plethora of salary threads that have been popping up)
 
Ofcourse. It's what I want to do with my life. I might have to work a bit longer to do Doctors w/o Borders (b/c Dw/oB costs alot of $), but it is worth the wait. 😳
 
Yeah, I would. I'm going into public health, so it's not like I'm making much compared to other doctors in the first place.

MFP
 
Does that $50K lifestyle come with reasonable hours?
 
nycpizza said:
Ofcourse. It's what I want to do with my life. I might have to work a bit longer to do Doctors w/o Borders (b/c Dw/oB costs alot of $), but it is worth the wait. 😳

Ditto, that's what I want to do. It'll probably cost me $300,000 in lost wages, but as a result I'll be practicing medicine for the same reason I got into it in the first place. No administration, no government, no drug addicts who just want a quick fix. It's good for the soul...kinda like chicken soup.
 
A cut in my salary wouldn't affect my ability to have a positive impact on the quality of life for my patients, so I would still be a physician....but, I'd find myself a sugar-momma :laugh:
 
xholliesterx said:
Honestly, the money is a great part of this, but I have tried to think of what I would do if I weren't to become a surgion and I can't think of one damn thing. This is it for me. It's my dream.

xholl: I think we might be long lost twins because you literally took the words right out of my mouth! 😱 Oh, except I don't think I'll be a surgeon, but a physician of some sort is true enough!
Someone once told me it's not healthy to be so narrow-minded about one's profession. This person said this to me because I said, "Honestly I can't see myself doing anything else." What's not healthy about having drive and ambition to fulfill a dream?!
"There are lots of jobs out there!" people tell me. Maybe, but none I wanna do!
 
There are two things I want in life: To be a doctor and to make a reasonable income. Luckily, being a doctor allows for both. There is no way I would do anything for only 50K. If I could be satisfied with 50K, I probably wouldn't have gone to college.

Don't get me wrong though, if I had, say, a rich wife that suported me, I would gladly work as a doctor for free.
 
What confuses me endlessly is why so many premeds say that this is the only thing they would ever do no matter how much they got paid and yet none of the attendings I've ever spoken to share this opinion. are all these kindly altruistic folk kidnapped by aliens in 3rd year? 😕 😕 😕
 
Zoom-Zoom said:
There are two things I want in life: To be a doctor and to make a reasonable income. Luckily, being a doctor allows for both. There is no way I would do anything for only 50K. If I could be satisfied with 50K, I probably wouldn't have gone to college.

Don't get me wrong though, if I had, say, a rich wife that suported me, I would gladly work as a doctor for free.

This is true for me also I could not see myself only making 50k a year at any profession. The lifestyle i want for myself is a bit higher than that one and like many have said It's a package im not becoming a doctor for the money because i wouldn't do anything else at all (its my life goal professionally that is) even for the same or more money, but i surely wouldn't do it for 50k not with all the work i had to do to become a doctor in the first place.
 
This brings up a good point. Since a lot of you would leave medicine if it only paid 50K, this means that on the whole, many people would leave medicine, therefore creating a shortage and later bringing salaries up again. Therefore, declining compensation with medicare and managed care can only go too far until the quality and quantity of doctors start to decline. Simple economics.
 
dilated said:
What confuses me endlessly is why so many premeds say that this is the only thing they would ever do no matter how much they got paid and yet none of the attendings I've ever spoken to share this opinion. are all these kindly altruistic folk kidnapped by aliens in 3rd year? 😕 😕 😕

probably more because a lot of premeds have no clue.
 
biggoron42 said:
probably more because a lot of premeds have no clue.

So true. Ever notice how many premeds are absolutely convinced that neurosurgery or ortho is their calling? Where do all the pathologists, pediatricians, and psychiatrists come from? What's more, it's pretty rare to find a pre-med who will admit an interest in plastics, derm or radiology. 🙄
 
Zoom-Zoom said:
So true. Ever notice how many premeds are absolutely convinced that neurosurgery or ortho is their calling? Where do all the pathologists, pediatricians, and psychiatrists come from? What's more, it's pretty rare to find a pre-med who will admit an interest in plastics, derm or radiology. 🙄

what are you talking about? plastics and derm interest right here *raises hand* Derm more so for malignant melanoma, tho. 🙂
 
This thread makes me smile. Ahh the good old days. You remember the 40k threads, mhack?

By the way, seems very civil now, just watch out...
 
Pkboi24 said:
Hypothetical situation: You get paid $50,000/year but the price of med school and malpractice insurance decreases proportionally and residents get paid just as much as full-fledged doctors. The economy does not change. You will be living the lifestyle of someone on a $50,000 salary. Would you still do it? Why?


Not just no but hell no.
 
brianwilson said:
This brings up a good point. Since a lot of you would leave medicine if it only paid 50K, this means that on the whole, many people would leave medicine, therefore creating a shortage and later bringing salaries up again. Therefore, declining compensation with medicare and managed care can only go too far until the quality and quantity of doctors start to decline. Simple economics.

Unfortunately no -- there is currently a shortage of physicians and the salaries in some fields are declining. Simple economics only works if prices are based on demand and set by the supplier. In fact, with insurance companies setting the prices through reimbursements, and the government pressuring insurers to keep healthcare costs down, there are incentive forces to lower reimbursements in the face of higher demand. So with fewer doctors, the salaries don't go up, just the hours do.

Speaking as someone coming from another career, you guys will all find that doing what you like will ultimately be more important than getting paid a high salary. You will be spending the mast majority of the awake life doing this job, and if you don't like it, no paycheck in the world will be worth it.
 
Panda Bear said:
Not just no but hell no.

Not just no, not just hell no, but HELL F%^&%&^% NO!! :laugh:

I'd make my millions working at Hotdog on a stick.
hotdogonastick.jpg

(you know she's hot. Besides, I think mota has tapped that before :laugh: )
 
Damn, I didn't know they hired fugly chicks...but apparently I was wrong. All the ones in LA are bangin.
 
Law2Doc said:
Unfortunately no -- there is currently a shortage of physicians and the salaries in some fields are declining. Simple economics only works if prices are based on demand and set by the supplier. In fact, with insurance companies setting the prices through reimbursements, and the government pressuring insurers to keep healthcare costs down, there are incentive forces to lower reimbursements in the face of higher demand. So with fewer doctors, the salaries don't go up, just the hours do.

Speaking as someone coming from another career, you guys will all find that doing what you like will ultimately be more important than getting paid a high salary. You will be spending the mast majority of the awake life doing this job, and if you don't like it, no paycheck in the world will be worth it.

Not to mention that no matter how crappy the hours and the pay there will always be more applicants than positions. This is why a fry-jockey at a McDonalds in Burlington, Vermont makes more than an intern at Johns Hopkin. Supply and demand, baby. Plenty of people willing to work for dog excrement at Hopkin. You have to cajole people to work at McDonalds.
 
Pkboi24 said:
Hypothetical situation: You get paid $50,000/year but the price of med school and malpractice insurance decreases proportionally and residents get paid just as much as full-fledged doctors. The economy does not change. You will be living the lifestyle of someone on a $50,000 salary. Would you still do it? Why?

I'd do it in a heartbeat; my family has had its share of health crises and we've met some amazing doctors who have made all the difference in the world by making an impossible situation possible. We've also met some dinguses, who despite their ivy league training and top-notch residencies, are the biggest losers in the world and leave us with a sour taste in our mouths as we leave the office thinking, "that jackass should have gone into proctology."
 
silas2642 said:
I'd do it in a heartbeat; my family has had its share of health crises and we've met some amazing doctors who have made all the difference in the world by making an impossible situation possible. We've also met some dinguses, who despite their ivy league training and top-notch residencies, are the biggest losers in the world and leave us with a sour taste in our mouths as we leave the office thinking, "that jackass should have gone into proctology."

You will change your mind somewhere in third year. First, you will understand how it is possible for a physician to be a jackass and you will begin to appreciate that money is pretty improtant in any career.

This is a topic which is beaten to death on SDN. Save this post and look at it four years from now and see how your attitude has changed.
 
dilated said:
What confuses me endlessly is why so many premeds say that this is the only thing they would ever do no matter how much they got paid and yet none of the attendings I've ever spoken to share this opinion. are all these kindly altruistic folk kidnapped by aliens in 3rd year? 😕 😕 😕

When you're staring at $200k+ in loans before your 30th birthday on a Resident's salary and you're in the middle of a 36H shift, I'd say that most people would give up on altruism out of sheer exhaustion. I still stick with my earlier answer, but I'll include the caveat that I married a sugar momma.
 
Pkboi24 said:
Hypothetical situation: You get paid $50,000/year but the price of med school and malpractice insurance decreases proportionally and residents get paid just as much as full-fledged doctors. The economy does not change. You will be living the lifestyle of someone on a $50,000 salary. Would you still do it? Why?

Of course. I'm in it for the people.

Now the fact that I get to live the same lifestyle... that's just gravy.
 
This thread is laughable, there are way to many corny responses. I could not be a physician if I was making the same salary as a truck driver. Simple as that.
 
yes, my family has lived on far less than $50,000 for most of my life, and we've done all right. I'm not putting myself through 9+ years of school/training for the money! as long as the cost of medical education and insurance went down proportionally, I don't see what is the problem.
 
lookslikerain said:
yes, my family has lived on far less than $50,000 for most of my life, and we've done all right. I'm not putting myself through 9+ years of school/training for the money! as long as the cost of medical education and insurance went down proportionally, I don't see what is the problem.

Well then you can lobby congress for 50k salaries across the board, I bet the medical establishment will be thrilled. 👍
 
Rafa said:
However, the overwhelming majority of people in education - from kindergarten through professional schooling - are overworked and underpaid.
Compared to...?
 
Zoom-Zoom said:
So true. Ever notice how many premeds are absolutely convinced that neurosurgery or ortho is their calling? Where do all the pathologists, pediatricians, and psychiatrists come from? What's more, it's pretty rare to find a pre-med who will admit an interest in plastics, derm or radiology. 🙄

path or peds here! 😀
 
Top