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>The free market is not fair, and it is not a meritocracy. It's fair, but not based on effort like people mistakenly think it should be. It's silly to think "I

>The free market is not fair, and it is not a meritocracy. It's fair, but not based on effort like people mistakenly think it should be. It's silly to think "I should be paid X because it was really hard work" or to try to interfere with the market to force that price. A big part of the issue is ignorance of economics among most of the population. People don't realize they are always participating in markets, even when it's a regulated market. >Consider the average CEO: not the exceptional visionaries but the type that loses the shareholders money for years and then exits on a golden parachute. I don't think you know what the word "average" means, because that's very far from the truth. There are hundreds of thousands of people with the title "CEO". Only a tiny fraction are of companies with publicly traded shares and only a fraction of those get large golden parachute deals (<1000). There are more professional football players becoming millionaires for playing a game than there are CEOs who lose companies tons of money and get a golden parachute. >On the other side of the ledger, you have immigrants with medical degrees, who are driving cabs for minimum wage (or now, Uber, for below minimum wage). So what? Their medical degree obvious isn't qualifying them to be a doctor in the new country.

tropdrop 8y ago
>So what? Their medical degree obvious isn't qualifying them to be a doctor in the new country. I never understood this, even while in the medical industry myself. Perhaps this might be a little true for an immigrant from Venezuela with a medical degree. But for an immigrant from England, Why not?
- falsedan 8y ago
  Lobbying from the AMA to limit available labour & maintain high wages
- wild_preference 8y ago
  You can't even do a tiny lateral transfer in the US medical industry without reschooling, so how would it work with foreign degrees?
  - tropdrop 8y ago
    That's analogous to switching from being a data-base administrator to a systems ops engineer. Sure, fundamental knowledge of logic is transferable (compare: knowledge of human anatomy on a general scale, courtesy of medical school), but the intricacies and applications of that knowledge are different. Some re-schooling from one extremely specialized medical post to another makes sense. I'm talking about, for instance: being an orthopedic surgeon in England (or even France, or Russia). I operate on human bodies. Those human bodies work the same way in the United States, do they not? Maybe there are some discrepancies in established best practices, country to country. But there is no necessity to go through the entirety of relearning fundamental medical knowledge just to demonstrate you didn't go to a "worse" medical school. Even if you did - what should be looked at is your medical practice, not school, and your patient track record.
TulliusCicero 8y ago
The market isn't really fair or unfair. It's more like "a-fair", where fairness doesn't really factor into it.

tropdrop 8y ago

>So what? Their medical degree obvious isn't qualifying them to be a doctor in the new country. I never understood this, even while in the medical industry myself. Perhaps this might be a little true for an immigrant from Venezuela with a medical degree. But for an immigrant from England, Why not?

falsedan 8y ago
Lobbying from the AMA to limit available labour & maintain high wages
wild_preference 8y ago
You can't even do a tiny lateral transfer in the US medical industry without reschooling, so how would it work with foreign degrees?
- tropdrop 8y ago
  That's analogous to switching from being a data-base administrator to a systems ops engineer. Sure, fundamental knowledge of logic is transferable (compare: knowledge of human anatomy on a general scale, courtesy of medical school), but the intricacies and applications of that knowledge are different. Some re-schooling from one extremely specialized medical post to another makes sense. I'm talking about, for instance: being an orthopedic surgeon in England (or even France, or Russia). I operate on human bodies. Those human bodies work the same way in the United States, do they not? Maybe there are some discrepancies in established best practices, country to country. But there is no necessity to go through the entirety of relearning fundamental medical knowledge just to demonstrate you didn't go to a "worse" medical school. Even if you did - what should be looked at is your medical practice, not school, and your patient track record.

TulliusCicero 8y ago

The market isn't really fair or unfair. It's more like "a-fair", where fairness doesn't really factor into it.