Average Salaries of MD’s in US(MD)/Salary
“A licensed medical doctor, after completing residency and all makes wa-a-a-y-y-y-y more than $125k/year.” Please provide a citation.
Healthcare is a very vague term as Chris6137 has mentioned. It encompasses more than the actual people doing the work. If my question used the “healthcare industry” and the “sports industry” instead of “actors and athletes” and “healers, farmers, teachers”, then your argument would less resemble a sieve.
You say “I personally reject your proposal that sports figures are valued more than other individuals. Their pay is simply reflected in supply & demand.”
Well, what exactly determines the “Demand” for a product? Hmmm, could it be, how much perceived value the product/service has to the potential marketplace?
(Illustrated example) Abbot Excludes Thailand From New Drugs. The basis of this argument is that Abbot feels its contribution to society (drugs) has a certain amount of value in that it can save lives and heal the sick. Supply and Demand is linked proportionally to this because most people value their lives enough to trade tokens in order to extend them or make them of higher quality.
However, in Thailand, most do not make enough tokens to trade for these medicines. As a result, Abbot does not have to give them anything, despite what flameboi said “each profession has its reward ($) and the other kind of reward (how good you feel about what you do and how it contributes to the society), the second one is the one that matters most”
Apparently, to Abbot, these suffering Thai people are less entitled to health because they don’t produce enough value (tokens) to trade for Abbot’s value (drugs). Abbot is concerned with increasing its ability to consume (spend tokens) much more than people being healthy and free from illness.
Making medicines is merely *a way to get more tokens * from this perspective, which is to say, conversely, if Abbot was actually in the pharmaceutical industry to CARE for and HELP people, it would not deny sick people necessary medications over a minor decrease in profits, as Abbot is already engorged with subsidies by those of us in the world who are able to and who have no problem affording their services. The capitalist motive is further elucidated by the fact that if the Controlled Substances Act were repealed, crack would carry a Big Pharma brand name. Big Pharma Is in a Frenzy to Bring Cannabis-Based Medicines to Market
Therefore, the money an individual makes is determined by the “value” he brings in to society, and so he is rewarded, in kind, with tokens that represent that value.
The fact that so many people didn’t know what I meant by “healer” is a prime example of the Orwellian monopoly on language via the annotation/connotation dichotomy, but I digress.