I'm looking at it more from the perspective of:
EM: Dang, I really love EM, but there are no jobs.
Anesthesia: Dang I really don't like anesthesia, but maybe the job outlook will be better than than EM so what the hell. (Goes into Anesthesia). Man, there are no jobs.
It's not a good situation in either scenario. One is worse than the other, IMO.
This isn't supposed to be a "feel good" post about following your heart. The "do what you love" sentiment really triggered people, and I see why, but that's not really the point of the post. The pandemic as a whole really exposed a lot of issues that are affecting not just EM, but many specialties.
I think it's incredibly short sighted for people to assume that it's going to be easy to find a hospitalist job for 250k in 5 years. Midlevel encroachment, number of IM residencies/foreign trained grads etc are a threat to IM as well. I think the corporatized nature of EM made us one of the first ones to fall, but IM is very ripe for being taken over by midlevels as well. The problems we are facing in EM are a manifestation of system wide issues. Nobody is immune.
As someone working in academics, I won't be painting a rosy picture to medical students interested in EM (I know some of my colleagues will continue to do this, which is irresponsible). The numbers are clear that things aren't looking good. But I'm not going to tell them "Go be a hospitalist, even if you dislike it, because you can totally make 250k without a problem."