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Residents have a limited ability to choose where they attend residency.

The following shows the percentage of residency positions filled by speciality: http://www.nrmp.org/wp-content/uploads/2017/06/Main-Match-Re...


Reminds me of how software engineers just regurgitate what stack overflow says.


Second that. But those engineers are not paid anywhere as much as any doctor and there is no artificial limit on engineer supply.


Yes - but they start accumulating wealth in their early 20s. That gives them at 10+ year head start on the average physician who finishes paying off their debts at ~35.


However, few mediocre software engineers make 200k/yr. Most mediocre doctors do make >200k/yr.


Software engineers aren't $200k+ in debt at 32 either.

If you are an average salaried software engineer, you can accumulate more wealth than a doctor if you invest at recommended rates. The break even point is somewhere around 60-65 years of age.


Really, I'm curious care to share your calculations? What salaries are you using? What about cost of living?


A doctor can work in any city in the world, an engineers can work in less than 10 cities.


What a ludicrous statement. Pretty much any mid-size to large city has jobs for software engineers.


Not if you want to make $200k.


Maybe I should have said "guaranteed employment for life" instead of just work.

Irrelevant of the salary, most medium cities will only have a handful of tech roles available, at best. It's super hard to find and hold a job.


It's more difficult to gain admission to veterinarian school than medical school (in America).

Veterinarians pay about the same for their schooling (but they don't really have residencies) and vets make ~70k-80k/yr.

If we think of a job's salary as a function of the talents used by the job and the cost of admission to the job, it's unclear why doctors and vets should earn substantially different amounts of money.

But I agree that it's easier to accumulate wealth as a non-doctor than a doctor. Just treat the first couple years of your career like medical school and it shouldn't be too hard to crack 6 figures - if you live modestly outside a megaopolis, you can save 40k/yr and get a six figure headstart over a doctor.


What's your cross-industry metric for defining "mediocre"?


Additional residency spots are funded by other grants. The number of residency spots has increased, just not through medicare funding.


More students are accepted to medical school than there are residency spots available.

See "Figure 1" http://www.nrmp.org/wp-content/uploads/2017/06/Main-Match-Re...


Fact check: False. That figure is comparing the total number of applicants to the match with (first year) residency spots. But the total number of applicants to the match is not the same things as students accepted to (U.S.) medical schools. Foreign medical grads are dying to get trained in the States.

If you read on in your link, you'll see that "[t]he PGY-1 match rate for U.S. seniors was 94.3 percent", while the match rate for non-U.S. medical school graduates is slightly above 50%.

Again from your link:

"This year, 35,969 active applicants vied for 28,849 first-year and 2,908 second-year (including physician (R)) residency positions. U.S. allopathic medical school senior students comprised 18,539 of the active applicants, 352 more than in 2016. "

US medical school graduates have no problems matching, the ~5% who don't usually do so because of their match application strategy, and have the opportunity to scramble at unfilled positions (of which there are ~1300).


That's by design, and not in some secretive, nefarious way. People will drop out of med school.

There is also a lot of residency spots that go unfilled. I know infectious disease is struggling to get bodies into spaces.


The drop out rate for med school is under 5%. Infectious disease is a 3 year fellowship that's done after completing a 3 year internal medicine residency. Oddly, the average salary for infectious disease specialists is lower than that of internal medicine physicians. Economically, it doesn't make sense for internal medicine physicians to spend 3 years doing a fellowship only to make less money on the other end. On top of that, these physicians are missing out on an attending's salary during those 3 years of fellowship.


Yes some drop out and residency positions go unfilled, but please see Figure 1!

http://www.nrmp.org/wp-content/uploads/2017/06/Main-Match-Re...


>>> "Also a 1200 person study isn't really enough to draw any major conclusions from."

You can draw strong conclusions off of a smaller sample size.

This study is not conclusive, and the sensationalized headlines aren't helping.


It's a self-fulfilling prophecy study



My speculation is this is a way to make cuts without firing anyone


please lmk if you find it


The doodle Trump should be updated w/ gold colored drapes.


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