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Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

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Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#111
post #58

Earlier quoted context omitted.

> That's amazing! Agreed. Now imagine being a similarly aged retail service worker, or agricultural laborer, and doing the same. Even more amazing, if rare. The point is: both the drive and capital are needed. This person clearly had both at their disposal.

Sufficient drive begets the requisite capital, but that's even more rare, and arguably more amazing.

[deleted]

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#112

OT but does anyone have insight into why there are so few med schools in the US? There are way more prospective students than admissions slots. Are there high capital costs or something I haven't considered that make starting a med school unprofitable even with average tuition fees being so high?

Because medical associations understand supply and demand.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#113

OT but does anyone have insight into why there are so few med schools in the US? There are way more prospective students than admissions slots. Are there high capital costs or something I haven't considered that make starting a med school unprofitable even with average tuition fees being so high?

I don't know much about it either but AFAIK there's an industry group that artificially controls how many licensed doctors in each field there are. They reduce supply which naturally increases doctor compensation among other things.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#114

OT but does anyone have insight into why there are so few med schools in the US? There are way more prospective students than admissions slots. Are there high capital costs or something I haven't considered that make starting a med school unprofitable even with average tuition fees being so high?

This might help: https://skeptics.stackexchange.com/questions/4561/does-the-a...

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#115

OT but does anyone have insight into why there are so few med schools in the US? There are way more prospective students than admissions slots. Are there high capital costs or something I haven't considered that make starting a med school unprofitable even with average tuition fees being so high?

There are limited residency spots for med school graduates and if you don't get one you can't become an actual licensed doctor. The MD schools try to keep their admissions in line with the number of spots because that would be a raw deal to just pump out people with degrees in $500k in debt who will never get licensed. The residency spots are not controlled by the medical associations or the schools.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#116

When I was a kid, my dad sat next to a different RadioShack CEO on a plane. He mentioned that I was always in the store and Mr. Roberts gave him this, https://imgur.com/a/BolEA

that's cute :)

I know my kid would have really liked something like that.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#117

When I was a kid, my dad sat next to a different RadioShack CEO on a plane. He mentioned that I was always in the store and Mr. Roberts gave him this, https://imgur.com/a/BolEA

that's cute :) I know my kid would have really liked something like that.

I still miss the ‘free battery of the month’ club.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#118

OT but does anyone have insight into why there are so few med schools in the US? There are way more prospective students than admissions slots. Are there high capital costs or something I haven't considered that make starting a med school unprofitable even with average tuition fees being so high?

Keeps compensation high for physicians. Also, residents are very expensive for hospitals.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#119

Earlier quoted context omitted.

160k of tuition. 80k x 4 = 320k lost wages. 30k x 3 Delta wages. 500k in costs before your first year of big earnings. You said 30 years. I'm counting 2. Disingenuous.

> 160k of tuition. Missing interest - unless you really want to fuck yourself in the short term. 160k of tuition costs more like $300k with the standard payment play. Good luck if you have undergrad debt. Could easily add $500k more to your debt load. > 80k x 4 = 320k lost wages. Try a number closer to $400k. Also a good portion of MD's take a gap year for research either during med school or before residency. Potent…

What is your profession and what speciality is your wife in?

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#120
post #48

Earlier quoted context omitted.

But the 300-500k/ yr income is nice. Plus you are the only profession that can legally write prescriptions and do some services. The power of the medical cartels has intangible benefits too.

only with specialists/subspecialists w/ procedures, or surgeons. And if not, prepare to spend a lot of overnights. Family med say $120k starting, Internal med $200k Each extra $25-50k is like another year of training at $50k.

What year are your numbers from?Per medscape 2019 study average compensation is 330k. Q1 around $250k iirc.
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