Relevant and even prescient commentary on news, politics and the economy.

Why do physicians make so much?

According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties. Why is this? It looks to me […]