Guest guest Posted December 21, 2001 Report Share Posted December 21, 2001 > " 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 Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 21, 2001 Report Share Posted December 21, 2001 , " 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? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 21, 2001 Report Share Posted December 21, 2001 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? > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 21, 2001 Report Share Posted December 21, 2001 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 Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 22, 2001 Report Share Posted December 22, 2001 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 > > > Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.