> people like to complain that the federal government only funds a fixed number of residency slots, as if a trillion dollar industry is just absolutely helpless to do anything
Agreed, but I would go further and say that if demand by students for the training provided by residency exceeds the demand by hospitals for the work provided by residents, I don't see why residents couldn't pay for their training just as they do for medical school. The whole "residency funding" thing seems like a red herring as an explanation.
To be clear, I'm not saying that medical graduates should have to take on more debt to pay for residency, but rather that the reason this doesn't happen is not obvious according to typical economic reasoning.
If you've spent on average ~200K for medical school, how willing will you be to pay to work for 3 to 8 more years before you get a paycheck? Resident doctors already make less than nurses with 4 year undergraduate degrees.
So? People really, really want the prestige that goes with being a doctor. If they could pay for it they would. Physician compensation is heavily weighted towards middle and late career as it is and that hasn’t stopped people beating down the doors to get into medical school. Half the people who currently apply to medical school could look at how crap it is and decide not to and there would still be intense competition.
The below article on how awful medicine and medical school are was written a decade ago and nothing has gotten better. People really like social status.
I know a lot of doctors and medical students, for the vast majority prestige is not a primary motivator, not sure why you think its the prestige motivating everyone.
Knowing these people, I also get the feeling that if pay were worse / debt was higher they would have pursued alternate careers. If your goal is to make more physicians you don't want to make the job less desirable. There are already paid residency positions that go unfilled every year (not because there arent enough students, but because the students dont want them). I don't know why you think people would pursue positions that they have to pay for.
To your other point on the intense competition: If half the people currently applying to medical school quit applying the quality of your average future doctor would drop.
I don't understand where the 1.6 million came from. If you're talking about interest on the loan, the premise was that the rent covers the mortgage payment (interest and capital) plus maintenance plus returns some net cash. In that case, when the net cash has returned enough to cover the downpayment, you'd be richer by the entire value of the house even without appreciation.
So, for your 200k downpayment, you now have 200k * 1.047^35 = 1MM as the total house value that you own even without house appreciation, so almost a 5% rate of return.
This is only true in the sense that an all-purpose browser is "a major security risk". That is to say, it's not true in any coherent sense.
Yes, the ad blocker needs to be trustworthy, and there are a variety of approaches for furthering that goal.
> Adblocker extensions need full access to all network traffic and all it takes is a single person's account or machine to be compromised to get access to millions of browsers.
Again, you could say the same about the browser itself. Even if it were infeasible for extension developers to implement more security safeguards, that would be a flaw in the Chrome Web Store, not in the concept of web extensions.
There's also the main Bountysource page: https://www.bountysource.com/teams/microg for donating to specific issues. If you're not ready to use this yet because it doesn't work well with X app, there's probably an issue tracking something that would make it work which you can donate to!
Agreed, but I would go further and say that if demand by students for the training provided by residency exceeds the demand by hospitals for the work provided by residents, I don't see why residents couldn't pay for their training just as they do for medical school. The whole "residency funding" thing seems like a red herring as an explanation.
To be clear, I'm not saying that medical graduates should have to take on more debt to pay for residency, but rather that the reason this doesn't happen is not obvious according to typical economic reasoning.