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> " Professional pay " has nothing to do with qualifications. It has to do

> with supply and demand. A thing, product or service, is worth what someone

> will pay for it. Just that simple.

 

The issue is the demand.

 

While I agree that what everyone can do in most cases is a good job at a fair

price, the idea that demand is not increased or decreased by perceived value

will be something of a shock to everyone paying for PR, advertising and

marketing.

 

Bob

 

 

 

bob Paradigm Publications

www.paradigm-pubs.com 44 Linden Street

Robert L. Felt Brookline MA 02445

617-738-4664

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, " Robert L. Felt " <bob@p...> wrote:

>

 

>

> While I agree that what everyone can do in most cases is a good job at a fair

> price, the idea that demand is not increased or decreased by perceived value

> will be something of a shock to everyone paying for PR, advertising and

> marketing.

>

 

there is only an abundant supply of teachers, thus lowering pay,

because schools and students are willing to accept unqualified

teachers. If supply was reduced to those who are truly qualified, then

salaries would rise to reflect the true scarcity of the resource.

However many students are just there to learn a trade, so they could

care less. They want the license and the education is of secondary

concern. Schools know this and thus get away with it. Also, tuition

would have to rise dramatically to accomodate higher teacher pay. This

would reduce the number of students and cause quite a few schools to

close. Would this be a bad thing is the question that is begged?

 

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To answer your last question, all one has to do is ask themselves, in

general, do they prefer quality over quantity. If the answer is

that, in general, one prefers quality over quantity, then why not

apply this same standard to CM schools?

 

Bob

 

, " 1 " <@i...> wrote:

> , " Robert L. Felt " <bob@p...> wrote:

> >

>

> >

> > While I agree that what everyone can do in most cases is a good

job at a fair

> > price, the idea that demand is not increased or decreased by

perceived value

> > will be something of a shock to everyone paying for PR,

advertising and

> > marketing.

> >

>

> there is only an abundant supply of teachers, thus lowering pay,

> because schools and students are willing to accept unqualified

> teachers. If supply was reduced to those who are truly qualified,

then

> salaries would rise to reflect the true scarcity of the resource.

> However many students are just there to learn a trade, so they could

> care less. They want the license and the education is of secondary

> concern. Schools know this and thus get away with it. Also,

tuition

> would have to rise dramatically to accomodate higher teacher pay.

This

> would reduce the number of students and cause quite a few schools to

> close. Would this be a bad thing is the question that is begged?

>

 

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All,

>

> To answer your last question, all one has to do is ask themselves,

in

> general, do they prefer quality over quantity. If the answer is

> that, in general, one prefers quality over quantity, then why not

> apply this same standard to CM schools?

>

There is a fundamental principle of

economics: good money tends to drive bad

money out of circulation. Since

a degree is a representation of

the right to earn money, this principle

definitely applies to the economics

of Chinese medicine, as it applies

to market, i.e. human actions generally.

 

The idea that raising standards

drives people out of business is true

but does not state the whole picture.

Given the persistence of demand for

the service, higher standards tend

to result in higher levels of both

quality and quantity.

 

You don't have to look very far to

see concrete examples. In the medical

profession over the past 100 years

or so there has been an enormous

growth market that has been driven

by, among others, these two factors:

public demand for ever more effective

medical care; and higher standards at

the medical schools where the doctors

are trained to earn their certificates

that entitle them to go out, provide it,

and earn the money.

 

Medical consumers tend to favor those

doctors who are trained at those institutions

that purvey high standards. Raising the

bar certainly will leave some out of

the game, but it's overall effect tends

to be making the game more competitive,

more well attended, and more profitable...

not just in monetary terms but in terms

of effectiveness for all concerned.

 

Ken

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I couldn't agree more, Ken.

 

Raising the bar will raise standards, quality, and the practice of the

medicine. The public is the final jury on how effective medicine

is. . . the more proficiently trained we are, the better our results,

the more people seek our services, the better the reputation of Chinese

medicine.

 

This change is inevitable. If the subject matter were limited, as in

auto mechanics, then perhaps the argument that raising standards cuts

people out would be possible. But we've just begun to dig in the

treasure chest of Chinese medicine. We've still got a long way to go.

 

 

On Friday, December 21, 2001, at 09:02 PM, dragon90405 wrote:

 

> The idea that raising standards

> drives people out of business is true

> but does not state the whole picture.

> Given the persistence of demand for

> the service, higher standards tend

> to result in higher levels of both

> quality and quantity.

>

> You don't have to look very far to

> see concrete examples. In the medical

> profession over the past 100 years

> or so there has been an enormous

> growth market that has been driven

> by, among others, these two factors:

> public demand for ever more effective

> medical care;  and higher standards at

> the medical schools where the doctors

> are trained to earn their certificates

> that entitle them to go out, provide it,

> and earn the money.

>

> Medical consumers tend to favor those

> doctors who are trained at those institutions

> that purvey high standards. Raising the

> bar certainly will leave some out of

> the game, but it's overall effect tends

> to be making the game more competitive,

> more well attended, and more profitable...

> not just in monetary terms but in terms

> of effectiveness for all concerned.

>

> Ken

>

>

 

>

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