Wages are one of the most important economic instruments through which each worker in socialist society is given a personal material interest in the results of his work: he who works more and better also receives more. … The money wages of each worker by hand or brain are
his individual wages
.
There is a very common myth about socialism, which says that socialism would give everyone the same wage, and therefore no one would have a reason to work hard. This is
false
. … There are a number of socialists who do advocate equal wages but they always propose some other type of incentive to replace wage differences.
There is a very common myth about socialism, which says that socialism would give everyone the same wage, and therefore no one would have a reason to work hard. This is
false
. … There are a number of socialists who do advocate equal wages but they always propose some other type of incentive to replace wage differences.
[Serious] If the US becomes socialist and implements socialist medicine that ultimately leads physicians to get paid
around (or slightly less than) $100,000 on average
—assuming no student debt.
A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). “Production under socialism would be
directly and solely for use
.
- Reduction of relative poverty. …
- Free health care. …
- Diminishing marginal utility of income. …
- A more equal society is more cohesive. …
- Socialist values encourage selflessness rather than selfishness. …
- Benefits of public ownership. …
- Environment. …
- Reduced hidden taxes.
In a socialist economy
Doctors in countries with socialized medicine
typically earn less than U.S. doctors
. … Doctor salaries in France are even lower, with primary care physicians earning an average salary of around $80,000 and specialists coming in just above $150,000.
Physician salaries in the U.S. are among the highest in the world, while countries that have
socialized medicine pay their doctors a fraction of the salary
. According to MedScape, the average doctor in the U.S. makes $381,000 per year compared to the next highest-paid doctors.
Will doctors salaries go down?
According to a new survey,
more than 44% of physicians expect their incomes to drop in 2020
. According to The Medicus Firm survey, more than 44% of physicians expect their incomes to fall this year, either somewhat (26.4%) or substantially (18.2%).
The U.S. is a mixed economy
Socialism is an economic and political system where the community or state owns the general means of production (i. e. farms, factories, tools, and raw materials.) … Socialists believe that everything in society is made by the cooperative efforts of the state with the help of its people and citizens.
Disadvantages of socialism include
slow economic growth, less entrepreneurial opportunity and competition
, and a potential lack of motivation by individuals due to lesser rewards.
In theory, based on public benefits, socialism has the
greatest goal of common wealth
; Since the government controls almost all of society's functions, it can make better use of resources, labors and lands; Socialism reduces disparity in wealth, not only in different areas, but also in all societal ranks and classes.
| Socialism Pros Socialism Cons | Better education opportunities Government failure | Minimum wage Socialism may take away incentive to work | Socialism can provide minimum basic income Sovereign default | May improve conditions of the general public Politicians can get too much power |
|---|
Socialists were against the institution of private property
because they felt that it was the basis of all the social troubles
. … Therefore, socialist wanted the whole population to control the property rather than an individual so that more attention would be paid to collective social interests.
