Extra: Resident Exploitation and their True Value

Renegade Psych

In this extra segment, recorded with Taylor Beckman, DO, from the "Inherent Problems" series, we discuss how the medical training system exploits students/residents, and acts like a monopoly, paying all residency positions nearly the same amount, with minimal pay increases each year, despite their skill level drastically improving. We give specific examples of how the financial systems integrated into healthcare benefit heavily from this exploitation, and discuss it in the context of NIL for college athletics, which seemingly should pave the way for resident unionization and the allowance of competition to drive wages up and give residents their true share of the pie, or at least a more even share of it.

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Disclaimer, this podcast is for informational purposes only. The information provided in this podcast and related materials are meant only to educate. This information is not intended as a substitute for professional medical advice. While I am a medical doctor and many of my guests have extensive medical training and experience, nothing stated in this podcast nor materials related to this podcast, including recommended websites, texts, graphics, images, or any other materials should be treated as a substitute for professional medical or psychological advice, diagnosis or treatment. All listeners should consult with a medical professional, licensed mental health provider or other healthcare provider if seeking medical advice, diagnosis, or treatment.