10,252 karma · joined June 27, 2015
Previously: CTO/Co-Founder @ http://www.DocHuddle.com/, bringing ML to Medical Imaging
&& Grad student at UC Berkeley - Early work on NLP for creative: https://www.deepjams.com/
Before that: Quant Exec <-- Quant PM <-- Quant <-- Quant Dev <-- Capital Markets Dev
Obsessed with Code, Coffee, ComputerVision, and Capital markets
<< All comments are my own and do not reflect the views of my employer, university, or portfolio companies. >>
The entire salary for the resident can be earned back in 3-4 days. You still have 360 days left to pay back admin overhead, facility overhead, supplies, etc. That is earned back in the next several weeks. After that, the next ~300 days of the year are profit.
In states with balance billing, the doctor can set any price and bill you for the remaining figure with a balance bill. In NY and NJ these can be thousands or tens of thousands. If you dont pay, it goes to collection and the provider still gets 10 to 15 cents on the dollar. So no...the $75k annual salary of a resident is not a barrier to training more doctors according to any math i'm seeing. What am I missing?
What seems more likely is that supply is artificially constrained to increase scarcity and prices.
Here is inflation since
https://libertystreeteconomics.newyorkfed.org/2022/04/inflat...
Please lets have some decency towards the struggles of students
You're on a board full of technologists. Many are in SF or Seattle or NYC. A 10minute commute means you live in a 5-20 Million dollar home in SF. Not sure how realistic that is.
I work in NYC. The salary doesnt support having a home in the city. Yes, it can support a 1br apt, perhaps a 2br with roommates. Definitely not accomodations for a family.
You arent considering
1. Hospitals eating the cost of the uninsured, which this would solve
2. Hospital spending tons on administrative duties fighting with insurers on coverage, which this would reduce
No, but it is bad if you're told by economists that prices arent going up.
I have multiple relatives making $60k or $100k and can barely survive once you introduce healthcare co-pays, deductibles, rent, pharma copays, etc.
Please, for a moment, consider that you are a techie possibly making $250k $500k, or more and there are people suffering who making a third or a fifth of you. Consider that you might be single but there are others with kids. Also consider that you might have a Platinum healthcare plan but others have "healthcare" with 10k deductibles per familymember.
One gimmick I quite detest is the use of highly concave bottoms some companies use, so as to reduce the volume of actual product. Similar to deep indentations orange juice bottles use as a "handle" but which actually exists to reduce the volume of juice.
Distribution is a huge problem for small companies. So you almost have to sell to a bigger firm to get beyond a certain size.
There is another reason people stick to major job centers -- because it is extremely risky moving to a 2nd or 3rd tier job center. You have to sign a 1yr lease on an apartment and are locked in. But your job isnt guaranteed for a year. There may be few or no other jobs in 2nd or 3rd tier job centers. Say you default on your lease -- now you have a way bigger problem because you cannot rent again (you have bad credit) and you also need to pass credit checks to get a job. https://www.nerdwallet.com/finance/learn/credit-score-employ...
Ultimately we all need to realize people are rational (NOT lazy) -- people are doing the math and the math aint mathing. Hence the "Sharp Drop in Labor Force Participation"
"if you cannot afford it, stop complainingb and live elsehwere" they say...sure...but a commuter train into Manhattan can run you $30-50/day. Add in parking at the commuter train station and you're down about $60 or more a day.
Now suppose you eke out some net saving -- you've unqualified yourself from medicaid health insurance now. Your net savings may not even pay for your medical deductible.
There are a lot of reasons to just not bother unless the salary can get beyond all these hurdles.
>>> The hardest part of building Jamcorder was still, by far, the software -- roughly 200K lines of code spread across the firmware, app, and manufacturing tooling. It took over 3 years and many long nights in a pre-LLM world.
>>> When compared to that, the hardware was undeniably smooth sailing.
>>> For the record, I don’t think I’m special. It’s just that hardware’s reputation for being difficult is, IMO, overstated.
For me, when I complain about hardware, its actually usually complaining about drivers, compatibility, underdocumented interfaces, firmware etc. If one were to put firmware and manufacturing tooling in a separate bucket, that is indeed the problem!
I know many ex-colleagues who have been retired early -- they face age discrimination and cannot find work.
Well...there is the uncanny similarity to the T-800 and and uneasy realization that the owner of BD could become Cyberdyne Systems IRL. Perhaps some companies like that notoriety but not sure if many want that.
People are already doing this monthly with DEXA scans!
This is the problem with people treat CPI as some word from the heavens...it is not. CPI is a highly constructed figure which conveniently includes/excludes things and is really more a floor of what the inflation is. Anyone living in the real world knows experienced inflation is way higher.
You dont support ultra-wide vectors from the largest embeddings models. We have to wierd stuff like chop up vectors across fields.