I am not a physician, but I have been in the guts of healthcare for quite a while, and the AMA continues to pop up as the man behind the curtain surprisingly often.
* LCME accredits M.D. Schools
* D.O. Schools have their own accreditation (not sure what it is)
* AAMC runs the racket of "MATCH" to appoint graduating medical students to programs (and strip most of their rights as employees).
* ACGME accredits Residency Programs.
The majority of doctors are not AMA members. The oft-cited claim that they choose who can be a doctor or how many people get to be doctors is also a myth.
There are a lot of criticisms of the AMA, but these two are not really factual in basis.
You're incorrect in that they are the primary force and loudest voice restricting the number of residency slots in the US. You cannot practice medicine without matching into a residency program, whether you have an MD/DO or not.
They are not, and haven't been for at least something like 20 years, which is when they publicly came out in favor of increasing the number of residency slots.
And programmers think that they are too intelligent and have too much variation in productivity to form any sort of professional organisation, or “union”, you could call it.
Doctors don’t worry about ageism or offshoring or being stabbed in the back by their peers or managers.
However, most software people are clearly in the capital owners category (despite still having salaries), so maybe it is justified to keep the status quo.
Find old Warren Buffett shareholder letters or opinion pieces from those times if you want a capitalist's point of view, the guy has been around forever and has seen this particular story play out. Also, he's still for greater wealth redistribution, but that's just his personal political opinion.
If you want to argue about economic trends from the 40s to 70s I can go down that road too. Those unions aren’t around because they clearly weren’t competitive. A great example is the truckers unions that controlled pricing thanks to heavy lobbying and regulation. Those truckers were very well paid and made a very comfortable living but the high costs meant transportation of goods was incredibly expensive. Deregulation in the 70s opened that industry to competition, rates plummeted and now truck driving is more competitive than ever which has enabled other businesses that depend on transportation to be more productive than ever.
Also, yes, the 70s took it over the edge and then we've had 80s, 90s, 00s, 10s all very capital friendly. What will the 20s show? Again, no idea.
This is important to remember when "planning your stock market returns" - do include the 40s-70s period in your analysis! Things are sometimes very very different.
No 40- or 50-something doctor worries he or she is going to be sidelined by a 20-something with a cool new style of surgery that’s getting loads of retweets and stars on Medhub. He or she is senior and respected because experience is valued. A lot of people are going to feel the cold wind of ageism and wish they hadn’t been so eager to stab their older coworkers in the back for the sake of which JavaScript framework was hot this week.
Medicine is not the field we should be modeling our value of experience on. If you've been there 1 year longer, your opinion is more valued. Not because you're more knowledgeable, but because you happened to have graduated residency one year sooner. Medicine is about as far away from meritocracy as you can get while still somewhat feigning support for it.
Should we be trusting the experienced folks that say mainframes are fine and editing the DOM directly with jQuery is good enough? I mean zipping up binaries and dropping them on a share is just as good as GitHub, right?
Ageism is an excuse for being uncompromising and unwilling to accept that someone younger than you might have a good idea or know something you don't.
Do you think that older doctors insist on using obsolete surgical techniques or less effective medications? Or older lawyers reference laws that have already been repealed?
Ageism is an excuse for being uncompromising and unwilling to accept that someone younger than you might have a good idea or know something you don't.
They might do, sure. But you’ll hit ageism eventually and see younger people reinventing a wheel that you too reinvented.