Jay Honeck wrote:
Various resources on the 'net list a physician's average income as

ranging

anywhere from $129K to $255K annually.

That makes it about the same as mid-level managers at my former place of

employment.

Perhaps this is why they are no longer employing so many people?

When a business is paying mid-level managers what a physician averages in
salary, something is seriously amiss. Unless the company is making gold, or
selling crack, their profit margins aren't going to support such a salary
structure for long.

It probably varies in different parts of the country, but 129K is a
middle-of-middle class income for a lot of urban areas. In fact, a family
would probably struggle a fair bit with a single 129K/year income in areas
around NY/NJ, Boston/Cambridge, Seattle, San Francisco/San Jose, or Los
Angeles -- you're going to have to pay your senior managers more than that
if you want to keep them.

I'm not say that there are not a lot of people less well off who'd give
anything to make 129K/year -- and in Canada, where things are cheaper, that
still translates into a respectable almost-upper-middle-class salary in
Canadian dollars -- but for the better-off parts of the U.S., I don't think
129K/year really counts as "upper middle class", much less "rich". Many
years ago, doctors' incomes put them fairly high up the social scale; now
they're behind most other professions.


All the best,


David