Comment by sweeter
3 months ago
I mean going to school for 10 years only to be in debt for 100K-300K+ dollars, and not have a good idea of whether you will be able to pay that back... is a massive problem. Most countries don't have this issue, for example. They have an abundance of doctors and engineers, because people who actually want to do those things, are able to pursue those careers without financial investment. We are snubbing an entire generation of people and then acting surprised when the very obvious consequences of those actions start to come back to bite us. Its the definition of insanity.
It's hardly "most countries". The USA is about average for developed countries in terms of physicians per capita. We're higher than France, Belgium, UK, Japan, Canada, etc.
https://data.worldbank.org/indicator/SH.MED.PHYS.ZS?most_rec...
> They have an abundance of doctors and engineers
They are usually paid several times less than people doing the same jobs in US.
But in other countries they dont need to pay so much for social system, insurance or healthcare, kindergarden and so on.. You can not always compare everything with money, when there is a lot around it.
Would you rather spend 10% of 50k on healthcare or 15% of 100k?
Also taxes are generally much higher in these countries as well.
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But their cost of life is also lower.
Is it? Housing in Paris, London, Munich, Toronto, Vancouver etc. is extremely expensive relative to income of course other stuff varies.
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I don't really see why that would be a problem.
It's fine if you're starting from nothing.
But we wouldn't be starting from nothing. There's a large group of people who would lose income and who will lobby against that.