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US physician pay is lopsided compared to OUS physician pay

6 Jan 2025 · 1 min

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A German economics professor noted at a dinner 20 years ago that engineers, professors, and doctors earn similar salaries worldwide, except in the U.S., where physicians make far more. He predicted market forces would eventually correct this anomaly.

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Yeah. Secret to motivation is deprivation. So I was having dinner once actually in Germany, and there was a, one of the guests was a professor of economics. He was a German guy, and the subject came to American medicine and how much doctors make here. He said, in every country in the world, he said, the amount of, amount of money you make is based on the amount of value you give your community. And he talked about engineers, university professors, physicians. He said those 3 groups throughout most of the world make approximately the same amount of money except in the United States. He said you're, you're an anomaly and the market will eventually correct itself. He— that was 20 years ago.