Why is East Coast particularly saturated? 😕
Both coasts are saturated. Most major cities are. But the Eastern seaboard from NYC to DC is particularly bad. Why? There are too many schools and everyone wants to live here. Same reason Coastal California is just as bad.
There will be new jobs in the future. There are always new jobs in the future. My district is opening a new store in a few weeks. Boom, two new jobs. (Already spoken for, though, sorry) Jobs open up, people retire...but its very, very competitive. Out of an entire district of interns, my district supervisor only hired a handful. Only those he thought would be among the best around. We're talking just a
few people. Everyone else? Texas...Kansas...outskirts of Pittsburgh if they are lucky. The kid that interned at my store still doesn't have a job to my knowledge.
It's
possible you will find a job on the East Coast. But I wouldn't bet on it at all. For a new graduate, it takes a unique mixture of luck, talent, and connections.
This is a recession. A bad one. And the people in charge don't know how to fix it. Nor do the "other people" running against them this election year. The chances of the economy recovering any time soon is low.
But here's some unsolicited advice.
People ages 18-35 are facing the worst job market since the 1930s. The Baby Boomers ruined the economy for us. They are the most useless generation of humps in modern US history. They were given the most powerful economy in the history of the planet, chewed it up, and spat out a piece of **** just as we started coming of age.
The truth is that it's service jobs and professional jobs for our generation. Haves and have nots. There are no factory jobs where you can make a real living. That's it... one or the other. And being foolish enough to be picky about where you live for the next 5-10 years while the economy s l o w l y recovers and the profession reaches a labor equilibrium will lead many of you down a path of personal economic impotence. With a PharmD, you could live like a king in Southern or Western Texas or rural Kansas or any other place where there are still jobs. Or you could stay in "cool" NYC/Jersey/Philly/Balmer/DC and find yourself "making do" with a job at Dunkin Donuts until you find yourself 3 years out of the profession and unhirable with $120k in student loans.