A ten year (or greater) time investment being required is a probably a big part of it. Not only that, a single mistake can end their entire career in the form of a malpractice suit.
I don't have a problem at all with doctors being paid well. I don't understand why anyone would, provided that there's an expectation that the doctors in question are acting in good faith towards patients.
Lawyers study almost 10 years and gry paid 4 times less.
You honestly dont think the average of 300 isn’t absurd? I understand 150k average but 300? Get lost punk.
Its the same for pilots. $150K to fly a 747 is considered an insult and those companies that pay that much only hire pilots who cant find work elsewhere due to multiple incidents and checkride/training failures.
Now, you CAN buy a ticket on an airline with a pilot paid $150K a year but its the same guy who crashed that plane in a simulator during a test. Are you going to buy that ticket?
Law firms also get a significant percentage of monetary awards given to their clients. I've seen it as high as 30% depending on the firm. Plus, they're lawyers. I think you think you made a good point here, but it's asinine.
Those are personal injury lawyers you speak of. In addition to getting a third of the fee, they also pay 100 percent of the case costs and they don’t get that back if they lose the case or don’t get a big recovery. It’s very common for case expenses to exceed 100k in a “big” case. It takes years for those big cases to go to trial, meaning the lawyer sinks 100k or more into a case on the hope that years down the road he will get it back. Also, the IRS does not allow a lawyer to deduct that 100k as a business expense. The 100k doesn’t become a “cost of doing business” until the case is lost. So the tax code fucks lawyers harder than professionals like doctors or stock brokers.
Many (maybe most) lawyers never break 100k in salary. Most lawyers never ever break 300k. My ex girlfriend worked at an injury firm. They started new lawyers (in 2018) at 45k salary. She was in accounting and made more than a number of lawyers at that firm. The partners each took home 500k or more but the peons scraped by. So fuck the greedy lawyers at the top of the pyramid but realize that (just like in most professions) the fat cats only get rich off the backs of regular workers who are just trying to get by.
A ten year (or greater) time investment being required is a probably a big part of it. Not only that, a single mistake can end their entire career in the form of a malpractice suit.
I don't have a problem at all with doctors being paid well. I don't understand why anyone would, provided that there's an expectation that the doctors in question are acting in good faith towards patients.
Lawyers study almost 10 years and gry paid 4 times less. You honestly dont think the average of 300 isn’t absurd? I understand 150k average but 300? Get lost punk.
Its the same for pilots. $150K to fly a 747 is considered an insult and those companies that pay that much only hire pilots who cant find work elsewhere due to multiple incidents and checkride/training failures.
Now, you CAN buy a ticket on an airline with a pilot paid $150K a year but its the same guy who crashed that plane in a simulator during a test. Are you going to buy that ticket?
Its the exact same thing with doctors.
Law firms also get a significant percentage of monetary awards given to their clients. I've seen it as high as 30% depending on the firm. Plus, they're lawyers. I think you think you made a good point here, but it's asinine.
Those are personal injury lawyers you speak of. In addition to getting a third of the fee, they also pay 100 percent of the case costs and they don’t get that back if they lose the case or don’t get a big recovery. It’s very common for case expenses to exceed 100k in a “big” case. It takes years for those big cases to go to trial, meaning the lawyer sinks 100k or more into a case on the hope that years down the road he will get it back. Also, the IRS does not allow a lawyer to deduct that 100k as a business expense. The 100k doesn’t become a “cost of doing business” until the case is lost. So the tax code fucks lawyers harder than professionals like doctors or stock brokers.
Many (maybe most) lawyers never break 100k in salary. Most lawyers never ever break 300k. My ex girlfriend worked at an injury firm. They started new lawyers (in 2018) at 45k salary. She was in accounting and made more than a number of lawyers at that firm. The partners each took home 500k or more but the peons scraped by. So fuck the greedy lawyers at the top of the pyramid but realize that (just like in most professions) the fat cats only get rich off the backs of regular workers who are just trying to get by.
No intelligent person would make the huge investment to become a doctor to only make $150k.