Quote:
Originally Posted by Unregistered
not at all the economy - doctors wages have remained stagnant for 20+ years
no minimum wage
more medicolegal issues and paperwork
more patients from population increase
nonhealthcare staff deciding on manpower allocation
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But the truth is doc starting pay at 3650 is still higher than many of the other universities grads. It offers 100% employment rate.
A levels students know it. Each year local medical school is oversubscribed by 10x. Even post graduates are willing to spend another 4years to get a medical degree.
For equilibrium to reach, a thirty percent pay cut is needed to reduce the applicants number.
Right now demand for medical school spaces are still high.
I would say doctoring is still a very rewarding career. As long as wages stagnate or drop by less than 30%.