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One big reason that doctors aren’t going into pediatrics is money. Although pediatricians undergo the same amount of training as other doctors—and sometimes more—they are paid up to 25% less ...
Increases in minimum wage tends to result in junior (low-skilled) workers being overpaid relative to their senior (high-skilled) peers (i.e., If the minimum wage in a region increases from $20 to $25, therefore new employees receive $25 per hour, while current employees with 3 years' experience are being paid $26.50 per hour).
Another recent story discussed how female doctors are paid less than male. A recent article in Newsweek discussed the continuing pay gap between men and women, and suggested some reasons why women ...
Doctors may work independently, as part of a larger group practice, or for a hospital or healthcare organization. Independent practices are defined as one in which the physician owns a majority of his or her practice and has decision making rights. In 2000, 57% of doctors were independent, but this decreased to 33% by 2016.
The employer wishes to reduce overall wage costs by hiring new employees at a wage less than the wage of incumbent workers. [1] [2] A much less common system is the two-tier benefit system, which extends certain benefits to new employees only if they receive a promotion or are hired into the incumbent wage structure. [3] [4] [5]
The gap between pay gains for job changers and those of job stayers, which grew at a 4.6% pace in October, is now at its lowest level since ADP began tracking the data in October 2019.
[1] [2] One can also speak of the compensating differential for an especially desirable job, or one that provides special benefits, but in this case the differential would be negative: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs.
Lead Stories, Fact Check: Blue Cross Blue Shield Does NOT Pay Doctors A Bonus Only For Number of Children Vaccinated, Dec. 3, 2020. This article originally appeared on Austin American-Statesman: ...