I think this comparison misses the impact of Baumol's cost disease in the US. I mean, your link says a primary care physician earns $161k in the US. That's after going into a ton of debt with 4 years of medical school, and then making slave wages and horrendous hours as a resident for 4-5 years.

Meanwhile, it's pretty easy for a software engineer in the US to make that much not long after graduating college (I don't want to over reference something like FAANG salaries, which relatively few engineers make, but still, it's totally reasonable for a software dev to make that much somewhere between 0-10 years after graduation). That's after going into much less debt, and software jobs are way, way, way easier than medical jobs - honestly I think anyone who says otherwise is just full of shit (I'm a software eng for what it's worth).

So most people who can go on to be doctors have at least a similar level of intelligence/work ethic etc. as software devs (or lots of other careers in business, etc.) There is no way doctors are ever going to get paid significantly less than similarly credentialed professionals in the US.

Insurance based reimbursement is not financially lucrative for physicians. That's why plastic surgeons, who take almost entirely out of pocket payments, are the highest paid physicians.

As for why US salaries are so high, it's because the training it so much longer and more expensive than it is in other countries. The most common training scheme for general practitioners internationally is 6 years of medical school + 1 year of internship. In the US, it is 4 years of undergrad + 4 years of medical school + 3 years of residency. Add on the ridiculous pricing for higher education in the US (public medical schools charge about 50k/year, and since medical school is a type of graduate degree, med students do not qualify for subsidized Stafford loans) and it would be financially untenable to be a physician in the US if salaries were the same as they are in Europe.

Not sure how accurate those numbers are. "Physician" is not a singular job even within a single specialty and varies significantly based on practice pattern so averaging the numbers like that doesn't make a lot of sense.

For similar job descriptions most equivalent physicians would have higher compensation in Canada than the US, contrary to what that dated study says.

Definitely agree the majority of physicians aren't hurting in either country although I think the US/Canadian compensation is fair given the years sacrificed/intensity/work hours/stress (disclosure: I'm a physician). Some specialties like primary care and pediatrics remain very underpaid.

That number is higher now. $351,000 for physicians across the board, $382,000+ for specialists.

Source: https://www.whitecoatinvestor.com/how-much-do-doctors-make/ (actually a MedScape survey, but that requires a login, so I found this which summarizes the survey).