View Single Post
  #10   Report Post  
posted to rec.boats
Wizard of Woodstock Wizard of Woodstock is offline
external usenet poster
 
First recorded activity by BoatBanter: Jan 2009
Posts: 1,104
Default Who is gonna pay for the R&D?

On Thu, 23 Jul 2009 14:21:09 -0400, Gene Kearns
wrote:

We need to first cut the incomes of physicians. They should be paid no
more than college professor.... they have the same length of training.


Really. Interesting.

Most college professors I know and work with didn't spend 10 to 12
years of schooling before residency to obtain positions as professors.
You could make an argument for PhD level, but the only reason you get
a PhD is for research - not instruction.

4 years of college, 4 years of med school, and a 3-10 year residency
depending on what the doctor wants to specialize in. A 1-2 year
fellowship added if it's a specialty like anesthesia or surgery. That
doesn't quite match up with Masters post-graduate time which is about
6 to 8 years total.

The national average salary, adjusting for location, for an internist
is $90K to $120K/yr. The national average salary, adjusting for
location, for a college professor is about $90k to $110k/yr.

You do go up the income scale depending on grants, research funding,
publication, etc., depending on the specialty in college/university
education much as you do in medicine - they are about the same with
doctors having a slight edge in overall income - say, 5% or so.

You also have to consider that doctors have to pay for their own
commission/omission insurance, malpractice insurance, liability
insurance and about half a dozen other insurances that affect their
overall take home pay.