In the US, our nurses buy half million dollar homes. The physicians have their own little city in the suburbs composed of multimillion dollar homes.
(Artificially) high wages are bad for the customer, and we sure see the effects.
Is that supposed to be outrageous? Given how much rise we've seen in house prices in the past few years I'm not really sure whether that's supposed to mean they're underpaid or overpaid. Why not just say their mean annual pay is $94,480 compared to $65,470 for all occupations[1]?
MDs may be overpaid and there are a lot of problems with how residency works in the US (both in terms of too-few residents and abusive treatment of the few who get in) but nurses are absolutely not overpaid for the work they do.
And yes, I'm considering bumping someone out of med-school and residency. I am a 1%er, I'll get in.
I sure hope they do!
Do you even know what a half-million dollar home looks like in any major city? Hell, my house is only 3 bedroom and 1800 sq feet, and it's worth $550K. If this house was in the SF Bay area, it'd probably be $1.0-1.5M.
Dude, half a million for a home ain't what it used to be, it's just below average home. Why would a nurse not afford a home?