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I think the HN bubble is far detached from the real world. If you own 100k+ of assets, most of the people in the world will see you as incredibly rich. If you o

by rb808 7y ago

I think the HN bubble is far detached from the real world. If you own 100k+ of assets, most of the people in the world will see you as incredibly rich. If you own a house in the Bay Area even with a mortgage most Americans will see you as rich. Sure you might not feel rich because you have to go to the office each day and you dont have a sports car, but you are. Median and mean wealth per adult, in US dollars. USA: 61k World: 4k https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...

throwayEngineer 7y ago
The Physician takes for granted that his profession has a monopoly on perscriptions and declaring medical necessity. >Laughably some consider me rich I know the article is supposed to hate on the 0.1%ers, but since Physicians always say this crap about their income, it's important to know Healthcare costs are terrible because he is paid so well.
- empath75 7y ago
  Says the software developer that makes about as much as a doctor for writing Jenkins pipelines or something else essentially valueless to most people.
  - twoheadedboy 7y ago
    Most software devs aren't even close to doctors in terms of salary.
- teachrdan 7y ago
  A small correction: In the US, Nurse Practitioners are able to write prescriptions. These are nominally under the authority of a supervising doctor, but in practice their scrips are mundane and approved with minimal scrutiny.
- fucking_tragedy 7y ago
  You can easily look at physician income over time to see that this isn't true. However, hospital administration and billing have shot up considerably over the last few decades.
- strikelaserclaw 7y ago
  I personally think health care costs are inflated by middlemen like insurance companies.
  - lotsofpulp 7y ago
    https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/highlights.pdf https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta... As far as I can tell, insurance companies are the only player in the system providing a check against the providers. The consumer has no idea what they're buying, so you need another similarly educated professional (employed by the insurance company) to vet the provider's charges. Insurance companies also have to spend 80% of their premiums on healthcare.
- magnamerc 7y ago
  Doctors are way overpaid. The barriers to entry to become a physician are un-necessarily high, and I have a suspicion that that's by design. You only need a moderate amount of intelligence to learn and apply medicine. If the barriers to entry were lowered, then physician salaries would fall precipitously as supply would outgrow demand.
  - trowawee 7y ago
    Disclaimer: I'm married to a doctor. That said, I agree with your point that they are over-paid, but I absolutely don't agree with the idea that you only need a moderate amount of intelligence to work as a physician. A slight majority of my friend group is physicians, both through my spouse's education and work and through a collegiate friend group that mostly went into medicine. While I have many, many complaints about the medical profession and many of the people who work at it, they are, virtually without exception, extremely intelligent people. The ones who weren't washed out at some point in the 4 years of university and subsequent 8-12 years of training. Some of the barriers to entry are excessive, but most of them are there because being a doctor is incredibly difficult.
    - magnamerc 7y ago
      I didn't mean that to across the way it did. I know some doctors, and they are extremely intelligent people, but it's a selection bias due to the high educational requirements required to get into med school. I think my point is that you don't need to be extremely intelligent to learn or apply medicine. I'd say medicine is on par with engineering, but the requirements to become an engineer are way lower than the requirements to become a doctor.
    - vasco 7y ago
      That's their argument, that the barriers to entry are too high. Obviously people who've successfully navigated those barriers will be inteligent and capable, but perhaps we could lower the average skill and knowledge level of doctors by 10% but reduce costs by 50% (by having more people into the profession) and therefore being able to provide appropriate care to more people and detect conditions earlier. This could make for a net-positive result in terms of overall health in society. Similarly, if you use technology to supplement a human doctor, you should likely be able to train doctors less and achieve similar outcomes.
docker_up 7y ago
This answer is nonsensical. Yes there are vast swaths of people who are living in areas that are much poorer than the US. But that doesn't mean we need to measure ourselves based on the poorest of the world. Does that mean that we should ignore the demands of workers who want a liveable wage of $15/hr in the US? Should we tell them "you're rich compared to most of the people in the world"? The fact is that we measure "richness" by our immediate surroundings. If we have $50k in savings and we could move to Madagascar and live like a king doesn't mean we're rich, not even in the slightest sense.
- legitster 7y ago
  To that end, we shouldn't also compare ourself to the richest of rich. If you are making $150,000 a year you shouldn't be middle class just because someone out there is making a million.
- war1025 7y ago
  I think what the parent poster was trying to get at is people tend to lump themselves in the "barely scraping by" bracket, no matter where they actually fall on the economic ladder. It's easier to see the people who have things you don't than to realize what you have that others don't.
_bxg1 7y ago
To be fair I also think this article's author is far detached even from the HN community. I could be wrong.
deleted 7y ago
[deleted]

by rb808 7y ago

throwayEngineer 7y ago

The Physician takes for granted that his profession has a monopoly on perscriptions and declaring medical necessity. >Laughably some consider me rich I know the article is supposed to hate on the 0.1%ers, but since Physicians always say this crap about their income, it's important to know Healthcare costs are terrible because he is paid so well.

empath75 7y ago
Says the software developer that makes about as much as a doctor for writing Jenkins pipelines or something else essentially valueless to most people.
- twoheadedboy 7y ago
  Most software devs aren't even close to doctors in terms of salary.
teachrdan 7y ago
A small correction: In the US, Nurse Practitioners are able to write prescriptions. These are nominally under the authority of a supervising doctor, but in practice their scrips are mundane and approved with minimal scrutiny.
fucking_tragedy 7y ago
You can easily look at physician income over time to see that this isn't true. However, hospital administration and billing have shot up considerably over the last few decades.
strikelaserclaw 7y ago
I personally think health care costs are inflated by middlemen like insurance companies.
- lotsofpulp 7y ago
  https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/highlights.pdf https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta... As far as I can tell, insurance companies are the only player in the system providing a check against the providers. The consumer has no idea what they're buying, so you need another similarly educated professional (employed by the insurance company) to vet the provider's charges. Insurance companies also have to spend 80% of their premiums on healthcare.
magnamerc 7y ago
Doctors are way overpaid. The barriers to entry to become a physician are un-necessarily high, and I have a suspicion that that's by design. You only need a moderate amount of intelligence to learn and apply medicine. If the barriers to entry were lowered, then physician salaries would fall precipitously as supply would outgrow demand.
- trowawee 7y ago
  Disclaimer: I'm married to a doctor. That said, I agree with your point that they are over-paid, but I absolutely don't agree with the idea that you only need a moderate amount of intelligence to work as a physician. A slight majority of my friend group is physicians, both through my spouse's education and work and through a collegiate friend group that mostly went into medicine. While I have many, many complaints about the medical profession and many of the people who work at it, they are, virtually without exception, extremely intelligent people. The ones who weren't washed out at some point in the 4 years of university and subsequent 8-12 years of training. Some of the barriers to entry are excessive, but most of them are there because being a doctor is incredibly difficult.
  - magnamerc 7y ago
    I didn't mean that to across the way it did. I know some doctors, and they are extremely intelligent people, but it's a selection bias due to the high educational requirements required to get into med school. I think my point is that you don't need to be extremely intelligent to learn or apply medicine. I'd say medicine is on par with engineering, but the requirements to become an engineer are way lower than the requirements to become a doctor.
  - vasco 7y ago
    That's their argument, that the barriers to entry are too high. Obviously people who've successfully navigated those barriers will be inteligent and capable, but perhaps we could lower the average skill and knowledge level of doctors by 10% but reduce costs by 50% (by having more people into the profession) and therefore being able to provide appropriate care to more people and detect conditions earlier. This could make for a net-positive result in terms of overall health in society. Similarly, if you use technology to supplement a human doctor, you should likely be able to train doctors less and achieve similar outcomes.

docker_up 7y ago

This answer is nonsensical. Yes there are vast swaths of people who are living in areas that are much poorer than the US. But that doesn't mean we need to measure ourselves based on the poorest of the world. Does that mean that we should ignore the demands of workers who want a liveable wage of $15/hr in the US? Should we tell them "you're rich compared to most of the people in the world"? The fact is that we measure "richness" by our immediate surroundings. If we have $50k in savings and we could move to Madagascar and live like a king doesn't mean we're rich, not even in the slightest sense.

legitster 7y ago
To that end, we shouldn't also compare ourself to the richest of rich. If you are making $150,000 a year you shouldn't be middle class just because someone out there is making a million.
war1025 7y ago
I think what the parent poster was trying to get at is people tend to lump themselves in the "barely scraping by" bracket, no matter where they actually fall on the economic ladder. It's easier to see the people who have things you don't than to realize what you have that others don't.

_bxg1 7y ago

To be fair I also think this article's author is far detached even from the HN community. I could be wrong.

deleted 7y ago

[deleted]