I guess it begs the question - WTF are you or anyone else going to do about it?
For 30+ years we have known that healthcare was thought to be too expensive in America, and emergency departments are at the tip of the spear when it comes to costs. If you doubt me, register in a local ED with a cut on you finger and watch as your bill surpasses $2K for a couple of stitches.
While we can argue that physician compensation is a rounding error in the grand scheme of it all, we have burned our bridges with the public and policy makers over stupid crap like surprise out-of-network billing. In other words, we are all alone in the woods, and our salaries have a big f-ing target on their backs.
Keep in mind there are only 2 ways to control those labor costs: 1) increase the supply of cheap labor, and/or 2) ration access to care. Number 2 has been deemed unacceptable for the immediate future by society. That means that policy makers, with the full support of the public, have decided to open the flood gates on labor supply with EM residencies galore and mid-levels “practicing are the top of their licenses.” Any attempt at ACEP, AAEM, ABEM or any other professional society to curtail the growth of the labor pool would result in a massive public and political outcry about rent controls and doctors price fixing.
In other words, the horse has left the stable. This is happening and there is not a damn thing that you or any other EP can do about it. You had better diversify you skill set so that you have something to offer outside of seeing 2.5 patients per hour because the prospectus on that stock is looking dim. Do a fellowship in CCM, hospital administration (with a Masters in Administration), or go get a law degree and be a risk manager. If you were in the military, look at the FBI, NASA, or NTSB (all of their medical directors are EPs). If you like computing, learn IT. If you are an athlete, do a sports medicine fellowship and work your way up a pro or college team. All of these thing will take more work, more dues, more time away from your family, but you better goddamn well be prepared to do that or you will become insignificant.