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Average compensation for US specialists is [2006 data] $230k (5.7x per capita GDP), for German specialists is $77k (2.7x per capita GDP). If you force US doctor
by kgwgk 7y ago
Average compensation for US specialists is [2006 data] $230k (5.7x per capita GDP), for German specialists is $77k (2.7x per capita GDP). If you force US doctors to give you discounts to German levels you'll save another hundred billion dollars at least...
- deogeo 7y agoDon't think German specialists have it so bad - medical school in Germany costs almost nothing, housing and rent cost much less, as does health insurance.
- jtbayly 7y ago> as does health insurance Hmm.... I'm getting that same spidy-sense feeling I got the first time I learned about recursive functions. :)
- kgwgk 7y ago> In the United States, households on average spend 19% of their gross adjusted disposable income on keeping a roof over their heads, below the OECD average of 20%. For Germany it’s 20%, in line with the OECD average (and the average number of rooms per person is 1.8, compared to 2.4 for the US). http://www.oecdbetterlifeindex.org/topics/housing/ http://www.oecdbetterlifeindex.org/topics/housing/ So adjusting for average income housing costs about the same, and adjusting for average income US doctors make more than twice as much as German doctors. How many years of income do you think a doctor needs to buy a median house in the US and Germany? If you think the number is lower in Germany I’d like to see your numbers.
- deogeo 7y agoAs I said, housing is cheaper in Germany - they spend about the same % on housing, but that's out of a smaller income.
- kgwgk 7y agoOk, so they “don’t have it so bad” because even though they make much less money housing costs a bit less. Understood. (Just in case: the relevant comparison here was US doctors vs. German doctors, not German doctors vs. German non-doctors.)