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December 21, 1940

THE STUDENT SECTION of the Journal of the American Medical Association: Devoted to the Educational Interests and Welfare of Medical Students, Interns and Residents in Hospitals

JAMA. 1940;115(25):2227-2238. doi:10.1001/jama.1940.02810510103047

Opportunities in the Practice of Medicine  WILBURT C. DAVISON, M.D.DURHAM, N. C.Medicine probably is the only field today in which a well educated graduate is sure of making a living and also of having security if he carries disability, life and old age insurance. Except for crowding in the larger cities, there is no unemployment problem for American medical graduates. Although he will not make a fortune, as large medical incomes may be a thing of the past, the average physician's income at present probably is at its highest level. According to national figures, 30 per cent of the three and one half billion annual total cost of medical care is for physicians, or $3,800 net per physician. However, this net figure is based on many physicians who are not in practice, and the correct average net income probably is higher. "Average incomes" may be misleading. A few