It *****, basically you work the time required and get paid what it pays because you are moving on. Rock and a hard place. Companies get away with it left and right, have been for decades. There were times where I went in to work and was there all day and never earned a dime for the day. *****.
That's true enough. It's the same story for medicine, though things have gotten a lot better than they used to be.
When I graduate, I will have ~$320,000 in debt- at 8.5% interest. During residency they pay ~$50,000/yr which may not sound that bad until you realize that you've spent 8 years in school and, instead of making money, have been racking up debt, and you're putting in 80+ hours a week. The great thing is that you get slammed by the Treasury. You have ~$2,000 a month to pay back in debt. You are classified as a student so they can work you more hours and below minimum wage and federal labor laws. But the Treasury taxes you as an employee and not a student. So you live off of $1,000 a month in NYC.
They can do it because you have to go through residency and it's just a temporary stage of your training.
-Techniker


then I climbed aboard the C-Man/Taiwanese express.