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there's always the fuss about min wage being too high but how about those further up the chain.
many are paid way too much and they contribute to stagflation way more.
shouldn't these people get a pay cut?
doctors, dentists, lawyers etc..
how about they help too?
What stagnation are you talking about? Inflation is now the lowest it has been in decades, and has been for half of the 21st Century so far.
Do you have any idea of the liability insurance doctors have to carry now? Let me give you a hint- it is tremendously high.
But the ACA will change all that, and doctor's won't have to charge as much as they do now. Once their insurance burden is lifted off their shoulders, they will be affected by the same capitalism that rules other businesses. If they want to stay competitive, their rates will go down.
It is not our professionals- the engineers, doctors, lawyers, and others- who are being highly overpaid for their skills. It's the men who move money around that get the abnormally high money, and the head officers of corporations.
They are the most secure, too. As long as they provide the bacon that keeps the wheels of politics nicely greased, there's nothing you or I can do a thing about them.
Until meaningful reform is made to political donations, lobbying money, and financial campaign limits, you are going to live with it, whether you like it or not. If you are so bent on helping the country, vote your scoundrel out the next time he runs for office.
Do you understand that physicians, on the average, are $325K in debt when they finish their educations? Now how in the world would they ever expect to be anything, but a slave, at $60K per year?
Further, physicians essentially "defer" 12 years of earning capability and live on next to nothing during that time. What kind of an idiot would do that for $60K per year? They would be paying over $10K in interest per year with post tax money. So you would be asking a physician, after all the years of education and educational costs, to live off under $40K per year after taxes and interest payments?!! I am sure that pre-meds will be just falling all over themselves trying to get into med school for poverty wages after 12-14 years of education after high school.
There is a reason that certain occupations pay more than others. It is based on-
1. level of education
2. time and work to achieve the degree
3. "scarcity" of the resource
4. public demand
This is what I tell my yongest son (who works part time in a grocery store while going to school) when he asks me why I am paid 60X what he is paid for an "easier" job.
there's always the fuss about min wage being too high but how about those further up the chain.
many are paid way too much and they contribute to stagflation way more.
shouldn't these people get a pay cut?
doctors, dentists, lawyers etc..
how about they help too?
Why on earth do you think that wage ceilings would curb stagflation? What wage ceiling ever did anything but contribute more to inflation?
Wage ceilings are a large part of why health care is so expensive in the united states in the first place. Look into how wage ceilings during WWII led to employer-involvement in health care, leading to increased system wide costs. Educate yourself on these issues for once.
KK - The plutocrats and financiers make the rules so creating a real market in salaries for them and their lackeys is not likely to happen. The set up the system that surpresses the earnings of everyone else, including 7 figure doctors, while removing all restraint on theirs. So what else is new?
Society can train up enough people to do these jobs so that their salaries do not become as excessive as they are now.
This is very easy to do , and do you realise that in the Soviet Union, the train drivers were often paid more than the doctors. This is supposedly also true in Cuba today (taxi drivers)
Seems fair enough to me.
And lawyers?
Most of these guys are just corrupt moochers milking the system.
"Says commonsense logic.' Which I see is lacking in your opinions.
$60,000 a year is NOT much many in MANY parts of the country.
You are aware of the term, Cost of Living and what it means?
"many are paid way too much" What makes you such an expert on what people are worth?
He is an "expert" as he is "under paid" and seeks to correct this "injustice" by redistribution.
Perhaps Ken should work a little harder, get a better education and then perhaps he can asuage some of his jealousy. You can grow old quickly counting other people's money.
He is an "expert" as he is "under paid" and seeks to correct this "injustice" by redistribution.
Perhaps Ken should work a little harder, get a better education and then perhaps he can asuage some of his jealousy. You can grow old quickly counting other people's money.
The funny thing is that he lives in the Philippines and is struggling. The Philippines is ranked below the world average in terms of property rights, labor freedom, freedom from corruption, and business freedom as well as having more government spending in terms of value add than the rest of the world. It is an anti-business, anti-economic growth country. The very issues he proposes as solutions are what is holding his country back from providing opportunity for him to better himself.
If you want inflation to go, stop all government hand-outs both to private citizens and corporate welfare and stop printing money when there is no increase of gold reserves.
The working public is being hit these three ways at least. We are tired of footing the bill and need relief.
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