I think at one time, it may have been worth it. In todays world, i just dont think its worth it anymore. Im starting to wonder how being in school another 6 years (plus minimum wage residency; it almost counts as school) is worth it.
1. The path has become ridiculously longer than it needs to be. There is this sense of "I did it, so should you". Engineers are NOT: doing internships in physics labs, having to take ridiculous tests on physics to get into graduate engineering schools that then after 4 years of undergrad bullshit allow them to actually LEARN engineering rather than just advanced physics. Engineers are NOT then waiting until afterinsanely selective grad school, to then, finally be allowed to do a REAL internship with PRACTICING engineering for minimum wage. That is exactly what it would be like if every other profession was run like medicine. They try and convince everyone that all of it is necessary. But many other European nations show differently.
ochem, genchem, physics etc are never EVER used on the job! They should make medschool a 5 year thing you do right from high school. Right now, it justs wastes peoples lives for more years than it should.
2. Because of the ridiculously long path and limited spots (no new med schools in 30 years), the salaries have been artificially propped up. There are a ton of people who are willing to do this no matter how bad the conditions get. The conditions have gotten bad. the standards it takes to get in now, pretty much demand that you give up relationships, going out, and even then you aren't garunteed anything. A 3.6 student with a 34 MCAT can still get rejected from schools without it being a fluke. Im not just someone whose just bitter and who cant make it (A on my last ochem test ).
3. Even with the salaries artificially propped up. It takes a long time for the opportunity costs to be caught up to. Plus, you have to factor in that you've given up the one youth you will EVER have.
-In the eleven years after high school (how long it takes for a GP to get through it all), Bob who starts out at 35 grand a year, works hard for a 5% raise a year, ends up with 500,000 grand earned in those eleven years. (without the raise, he still makes 385,000)
-by those same eleven years, John, on the medschool path, now has undergrad debt 120,000 + medschool debt 200,000, plus the lost wages of 500,000. To catch up, he is going to have to have to start out 820,000 behind Bob, who just started working out of highschool.
4. Its not the same job it was 20 years ago. People do not treat doctors like God anymore. Patients more then ever trust the internet and compliance is becoming an issue. Doctors spend MANY hours fighting insurance companies on the phone for the payments that the insurance companies don't want to make. Even the more cush "lifestyle" specialties, can still work 60 to 70 hours a week.
5. Its not that doctors dont ever catch up on pay. Its not that im not willing to work 60 to 70 hours a week. if thats what this all ends up being, 70 hours a week for a job thats not as glamorous as it used to be, there are easier ways to get a job like that paywise, without wasting an extra 7 years of your life (on top of undergrad).