Do you have any reference to back that up? Not doubting it. Just curious.
Medicine is not a place to go to become rich. If you already have the brains and aptitude to overachieve in medicine you can succeed elsewhere even more greatly AND retire younger.
While in reality, the average wait time to become a driver from loading is 11 years. During that time you make about $13/hr part time where the schedule can be horrible and you could work less than 15 hours a week. When you do become a driver it takes another ~2 years (on avg) to get your own route until then you are a part time worker and your hours worked will fluctuate a lot over the year. The first year is paid at 17.50-18.50/hr (~$36,000/yr @ 40 hours a week) and then goes up.
That's not the assumption. It's that they receive median pay their entire career, which would be reasonable if they never left their job. Getting paid 60, 70, and 80 over a 3 year period is the same as working three years at 70 ignoring inflation and investments. That's the assumption
> While in reality, the average wait time to become a driver from loading is 11 years.
Then compare it to the countless other blue collar trade skills that don't require any educational debt. The point continues to stand unless you want to focus on the example rather than the concept.
http://www.er-doctor.com/doctor_income.html
In case people don't bother reading it in depth, here is one of it's updated links:
https://www.linkedin.com/pulse/70000-per-year-start-now-kevi...
I ran the numbers recently and the numbers were even more grim, but I'd need to track down all my sources again.
I just think the main point is that income is not the number to focus on. Wealth is the end result of the equation, and income is only one part of that.
Say it takes you 15 extra years to get into the workforce over a UPS driver, that you're saddled with $400k of debt and that UPS driver is the highest compensated driver in history at $100k.
$350k over 30 years is $10,500,000 - $400k = $10.1MM
$100k over 45 years is $4.5MM
Your net earnings is >200%
For the sake of nipping generational warfare in the bud...
My father runs a oncology fellowship. There are laws that prevent them from doing to our generation what was done to them. In addition, they don't want was done to them to be done to us. It doesn't benefit patients, increases drop out rates, and (especially in my father's field) drastically increases suicide risk and physician counseling costs. My father is currently 67, working 80 hours per week. He's not protected by those laws so he ends up covering for those hours that no longer fit the old formula, which means he did it both as a youth and in his 50s and 60s. There is a ton to crucify their generation for, but I really don't think this one is it.
> What I'm trying to get at is this feels like the kind of thing a propaganda outlet would do to give you a false enemy to hate
Once you account for hours worked, time spent in the workforce, and debt accumulated to achieve their income, a doctor will only have a 10-20% boost in lifetime earnings compared to a UPS driver. People seem to conflate income and wealth, which is a TERRIBLE fallacy to fall into. For some personal numbers, my father's income is double mine. Once you've adjusted for the those aspects I mentioned above, I'll have earned 80% more than him in my career.