My carpenter makes $116/hour

[Anonymous]

For general services. I am a physician and make $124/hour. After 4 years of college, 4 years of medical school, $250K post-graduate educational debt, 5 years of post medical school training working 90 hours a week for $50-$70k/year (latter only at the end), and 10 years of additional clinical experience. I am a W2 employee and cannot deduct expenses.

This country is headed for a very very serious physician shortage.

[Anonymous]

Why on earth does your carpenter make so much, and how did you arrive at that figure?




This country is headed for trouble in a lot of ways, particularly in healthcare as the haves and have nots get further and further apart.

[Anonymous]

Anonymous wrote:For general services. I am a physician and make $124/hour. After 4 years of college, 4 years of medical school, $250K post-graduate educational debt, 5 years of post medical school training working 90 hours a week for $50-$70k/year (latter only at the end), and 10 years of additional clinical experience. I am a W2 employee and cannot deduct expenses.

This country is headed for a very very serious physician shortage.

Wait, wait, wait. We are trying to help UK right now. Kids in India are studying medicine.

[Anonymous]

From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc.

[Anonymous]

Carpentry is a hard to find skill. I'm not talking about a general contractor who can assemble Ikea kitchens. I'm honestly surprised he doesn't charge more.

I wish I had married a carpenter.

On the other hand, there are plenty of physicians and as an alternative NP and PAs for general services. I think we will be fine, as medical schools are still turning away applicants.

[Anonymous]

Anonymous wrote:From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc.

+1 Plus people in the trades wear their bodies out faster than doctors so he won't be able to work as long. And they don't get special "carpenter's mortgage rates" and all the other white collar gimmes that doctors take for granted.

[Anonymous]

Anonymous wrote:From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc.

He works alone, has no employees. Out of my $124/hr I also have to pay retirement, insurance (health, disability), plus umbrella not included, commuting, taxes, etc. None of which are deductible against income.

[Anonymous]

A carpenter may not work 40 hrs a week guaranteed. And they have to pay for all the benefits out of that pay.

[Anonymous]

One, $260,000 annually is a great income. How much do you think you deserve?

Two, if you think your carpenter is undeserving of the income he makes, feel free to switch careers and do carpentry. It's extremely physical and demanding.

[Anonymous]

Anonymous wrote:

Anonymous wrote:From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc.

He works alone, has no employees. Out of my $124/hr I also have to pay retirement, insurance (health, disability), plus umbrella not included, commuting, taxes, etc. None of which are deductible against income.

Apparently, his skill is in great demand. What is wrong with that?

[Anonymous]

OP, don't be obtuse.

[Anonymous]

Anonymous wrote:For general services. I am a physician and make $124/hour. After 4 years of college, 4 years of medical school, $250K post-graduate educational debt, 5 years of post medical school training working 90 hours a week for $50-$70k/year (latter only at the end), and 10 years of additional clinical experience. I am a W2 employee and cannot deduct expenses.

This country is headed for a very very serious physician shortage.

And yet 1/10 it graduates cannot find residencies. While we give them to cheaper foreign students ? Why is this tolerated ??

[Anonymous]

Anonymous wrote:

Anonymous wrote:From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc.

He works alone, has no employees. Out of my $124/hr I also have to pay retirement, insurance (health, disability), plus umbrella not included, commuting, taxes, etc. None of which are deductible against income.

Just because he didn’t go to medical school doesn’t mean his trade doesn’t require specific skills and knowledge and have its own licensing requirements. You want your carpenter to know how to ensure your walls and house aren’t going to fall down. It’s gross that people look down on the trades when they are every bit as needed as other fields.

[Anonymous]

If your carpenter gets the flu, he does not get paid for the 7 days he is out. When the carpenter comes to your house to give an estimate, he does not get paid. When the carpenter is required to be at jury duty, he does not get paid. Should I continue?

[Anonymous]

Who are these med students who do not get residencies? Are these the students who did poorly on their board scores?