Quote:
Originally Posted by BrutallyDishonest2
No, I'm pretty sure it's safe to assume the radiologist making $800,000/year is one one who paid.
I'm not sure why everyone is getting huffy about a mild comment about the (well-known) fact that radiologists are overpaid.
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I guess it depends on how you would classify overpaid. They serve a function that saves lives, so that makes it important. Because of its importance, it is hard to train to become one (since the standards are so high). Because of this the cost of training is high. Because of the high cost to train, there is a scarce supply of those able to train. Because of this, the demand outstrips supply, which means they are paid more to entice them to train and fill the job.
If you cut that pay from $800,000 to $100,000 for example, you might find no one will do the job if the cost to become one remains the same, just the same as no one would be a garbage collector if they were paid minimum wage and had to go to school for 8 years.