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Old Today, 09:09 AM
 
7,504 posts, read 8,384,399 times
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What a number of you all seem to be missing is that salaries across various jobs cannot be adjusted over time relative to some standard from the past.

Take the receptionist jobs that have come up. It may well be that currently receptionist positions are less valuable relative to other jobs throughout the economy verses earlier times. Say a receptionist was worth X in 1970. S/he may well be worth X-15% now due to all sorts of factors including pressures from workers in different fields.

Also if every job "earned" some sort of real-buying power + merit increase every year as some of you seem to want inflation would quickly become a big problem.
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Old Today, 09:16 AM
 
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Plus automated systems fill that need for the most part . No longer does the company switchboard operator control the gateway to the company and their personality reflects your company .. I know we selected them with great care and selectivity .


today answering any spill over from the automated system is just a by product of another job function .
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Old Today, 10:08 AM
 
8,494 posts, read 3,635,904 times
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Quote:
Originally Posted by EDS_ View Post
What a number of you all seem to be missing is that salaries across various jobs cannot be adjusted over time relative to some standard from the past.

Take the receptionist jobs that have come up. It may well be that currently receptionist positions are less valuable relative to other jobs throughout the economy verses earlier times. Say a receptionist was worth X in 1970. S/he may well be worth X-15% now due to all sorts of factors including pressures from workers in different fields.

Also if every job "earned" some sort of real-buying power + merit increase every year as some of you seem to want inflation would quickly become a big problem.
When I was a medical intern in 1976/7 I made $13K. My daughter as an intern a few years back I think 2015 made I think $52K. With inflation, the same!

As a doc in the golden years of the '80's I made about $300K. If I worked as hard today that would be about $900K/yr!
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Old Today, 10:27 AM
 
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Originally Posted by Hoonose View Post
When I was a medical intern in 1976/7 I made $13K. My daughter as an intern a few years back I think 2015 made I think $52K. With inflation, the same!

As a doc in the golden years of the '80's I made about $300K. If I worked as hard today that would be about $900K/yr!
Residency pay varies tremendously by area and discipline. My son is a PGY-2 neurosurgery resident making about $62K. His best friend is a PGY-2 ER resident up north making $53K.

In order to see which docs are better off and which worse off you'd need to do year to year and specific dollar amount analysis.

Your $300K '80 income was outstanding. The avg. doc. (range '82-'89 in '89 dollars) made right at $152K = ~$305K today. In 2018 average doctor pay way in fact right at $299K (all of that relative decline and more is accounted for by primary care and academic docs. whose pay diverges more and more from clinical specialists).

FWIIW $300K in '89 would be $607K now. Many doctors earn that and more.
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Old Today, 10:28 AM
 
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Originally Posted by mathjak107 View Post
Plus automated systems fill that need for the most part . No longer does the company switchboard operator control the gateway to the company and their personality reflects your company .. I know we selected them with great care and selectivity .


today answering any spill over from the automated system is just a by product of another job function .
Right on. It's that and many other factors.
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Old Today, 10:46 AM
 
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Quote:
Originally Posted by Hoonose View Post
When I was a medical intern in 1976/7 I made $13K. My daughter as an intern a few years back I think 2015 made I think $52K. With inflation, the same!

As a doc in the golden years of the '80's I made about $300K. If I worked as hard today that would be about $900K/yr!
your daughter should have become an attorney instead ha ha ha .. my son got a summer internship 10 years ago with the national firm he is a partner in today and they made 84k out of law school . today he must get mid 6 figures .
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Old Today, 11:14 AM
 
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Originally Posted by mathjak107 View Post
your daughter should have become an attorney instead ha ha ha .. my son got a summer internship 10 years ago with the national firm he is a partner in today and they made 84k out of law school . today he must get mid 6 figures .
My daughter will make about $300K. But IMO will live the life of Riley. Most docs these days are employed and don't take on the 24/7/365 responsibilities as in the old days.
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