Dentistry is changing, no doubt. Higher tuition, mid level providers, decreased reimbursement, higher competition, etc are all going to take a toll on new dentists. However, it is still a great career that can provide for a good standard of living.
Key point is to be prepared. Be educated on the trends that our profession has, and understand what implications it will have on your future. Instead of dismissing visible trends as "paranoia," or just whine about the potential crash and burn, it would be much more prudent to prepare yourself for what could be tough times ahead. Save money, work on speeding yourself up in clinic, find out what locations are conducive to new practices, etc. There is always a way to succeed, especially when you are in an elite group of educated professions like dentists.
I've said it many times before, most people won't get rich practicing dentistry. As a sole method of income, you must either be a very skilled businessman or a very skilled practitioner (or preferable both) to make a high income (>500K) as a dentist. As much as all of us think we are going to be the top 5% earners, most of us are actually going to be in the 95% average.
How is that true at all? If you have been following this thread, you would realize that all our professions are changing rapidly. No one can say for certain what our incomes will look like after 20 years of practice...
DDS, DO, OD, MD, there are such huge ranges in salaries that there is no, "I make more than you, ha!" There are advantages and disadvantages to all these professions, and we all had our personal reasons for choosing to pursue our goals... it sounds ridiculously contrite to argue which profession's average salary is higher.
Shnurek, I'm sorry but I don't think anyone on this dental thread really care how much OD's make. The entire discussion is really irrelevant to this thread, and in fact to this forum...