Economics

slipperss SG

How do I answer this question,

Why do doctors earn more than cleaners?

Thanks.

charlize SG

A doctor can take up a mop and start cleaning straight away.

A cleaner needs to study medicine for a couple of years, understand what the hell she is studying, pass the exams, do her housemanship for a few years and then be considered qualified to look at sick people.

charlize SG

From an economics homework perspective:

Supply of cleaners can be considered unlimited - anybody can be a cleaner with no or little training. Supply curve is almost perfectly elastic.

Supply of doctors can be considered limited - not many people can become doctors. Supply curve is almost perfectly inelastic.

eeden. SG

A doctor can take up a mop and start cleaning straight away.

why is it reversed?

charlize SG

why is it reversed?

To illustrate if roles were reversed.

eeden. SG

To illustrate if roles were reversed.

good boy

charlize SG

Not a hard question if you know how to google.

eeden. SG

Not a hard question if you know how to google.

http://www.google.com

slipperss SG

okay thanks. roughly need to know how to answer this kind of question.

deepak.c SG

From an economics homework perspective:

Supply of cleaners can be considered unlimited - anybody can be a cleaner with no or little training. Supply curve is almost perfectly elastic.

Supply of doctors can be considered limited - not many people can become doctors. Supply curve is almost perfectly inelastic.

What about in a communist regime?

Do doctors make more than cleaners?

Haiz.....class struggles.

Lee012lee SG

What about in a communist regime?

Do doctors make more than cleaners?

Haiz.....class struggles.

In a communist regime, doctors still earn more than cleaners about 1- 2 times more but in a market economy, a surgeon earns 200 times as much as a cleaner.

An established surgeon can earn $120,000 per month while a cleaner only earns $600 per month.

deepak.c SG

I think it depends on the degree of communism, given that no country in the world is purely communistic or democratic.

If you work as a cleaner in a hotel, you might get more from the tips by tourist compared to a doctor.

According to the World Health Organization, Cuba provides a doctor for every 170 residents,^[52] and has the second highest doctor to patient ratio in the world after Italy.^[53]

Medical professionals are not paid high salaries by international standards. In 2002 the mean monthly salary was 261 pesos, 1.5 times the national mean.^[54] A doctor’s salary in the late 1990s was equivalent to about US$15–20 per month in purchasing power. Therefore, many prefer to work in different occupations, generally in the lucrative tourist industry (e.g. taxi drivers), where earnings can be 50 to 60 times more.^[

http://en.wikipedia.org/wiki/Healthcare_in_Cuba

Lee012lee SG

Established doctors and surgeons in the communist regime are rumoured to collect "red packets" from patients too.

Hence, in the study of labour economics, there is always the excitment or agony on the topic of wage differentials.

deepak.c SG

Established doctors and surgeons in the communist regime are rumoured to collect "red packets" from patients too.

Hence, in the study of labour economics, there is always the excitment or agony on the topic of wage differentials.

Depends on who the patient is, the majority of patients don't have much to go by, don't think they will give "red packets". Those that give red packets are those holding top post in the communist regimes and maybe those health tourist (but then again, those health tourist that visit Cuba from the surrounding region do so because it's cheap).

But then again it's ONLY the top surgeons and doctors getting the red packets, not all surgeons and doctors.

Lee012lee SG

So, does this mean that doctors should earn less than taxi drivers ?

So, doctors should be on high moral grounds and live with low income

and taxis drivers can accept tips, commision from tourist shops' owners and live

with high income ?

Babelfish SG

So, does this mean that doctors should earn less than taxi drivers ?

So, doctors should be on high moral grounds and live with low income

and taxis drivers can accept tips, commision from tourist shops' owners and live

with high income ?

what level of economics is this? A' level or what

Rooney9 SG

doctors earned more cos of many reasons.

1) Their profession is highly specialised

2) their profession and licensure is regulated by Spore Medical Council

3) to obtain MBBS or medical degree, it took them 5 years to obtain their degree. if they want to specialise, they need another 5-6 years before becoming a specialist in their chosen field.

4) their profession deals with life and death and treatment of diseases and surgery. do you feel safe with an untrained doctor in the underground world operating on you?

Lee012lee SG

TS has not said which level.

Rooney9 SG

besides doctors, engineering and architecture also took 4-5 years of study to obtain degree. engineer and architect pay also pays well, but not as high as doctors. doctors are the only professions that demand alot in them. its not easy to be a doctor, as there are many medications to remember.

Rooney9 SG

A doctor can take up a mop and start cleaning straight away.

an undergrad at NUS Yong Loo Lin School of Medicine, study 5 years to obtain their MBBS and 1 year of Housemanship. after that they need to serve 5-6 years of bond as their studies are heavily subsidized by the government. they are being rotated to different hospitals every 6 months in different departments as a medical officer. if they want to specialise, they need to go into 3 years of BST and 2 years of AST before becoming a specialist. There are 3 kinds of specialists, associate consultant, consultant, senior consultant. AC is sort of a newbie consultant. to progress into a consultant, you need a few years of experience of being an AC first. to be a senior consultant, you need at least 5 years of experience being a consultant.