one year of concentration on learning a sub-specialty is probably the single most valuable year of training in my opinion.
I see hemepath reports all the time from 'seasoned' pathologists who never did a fellowship and got grandfathered in because they have so much 'real world' experience.
Many are borderline incompetent and they should really just stop doing it.
Yes, an extra year of training may do someone good, but as you see from most of the postings, the "real world" experience trumps any incremental titbits of knowledge, and what it comes down to is not so much an extra year of training, but keeping up with literature, guidelines, etc.
I'm a generalist, only a few years our from training mind you; I see some heme here and there. I issue a perlim report with my impression then forward the case to a hemepath for a blessing. I have yet to be overturned. I also see a ton of derm and I show a few cases almost daily to the dermpaths in my group. I definitely welcome their help and insight. Althoug, I reckon, if I didn't have them on site, I'd sign out a lot more of the cases without any hand holding.
I do believe that subspecialists have a place, and an important one at that. But, perhaps producing too many grads is not path's only problem? Perhaps producing too many subspeciality trained grads adds to it? After all, how many more hemepaths, dermpaths, etc. can the market absorb? There are only so many high-volume places in the country that need someone with hemepath training, for example. Everything else can, for the most part, be handled by a generalist, assuming he/she knows when to consult out something they can't handle themselves.
I would also think that certain subspecialists have problems finding that first job straight out of training, for reasons that mikesheree (and others) have alluded to. They probably have trouble finding a backup position too, e.g. one that's perhaps not their preferred subspeciality only. For example, unless a group is specifically looking, why would they hire a hemepath (or dermapth, etc.) straight out of training to do surg path + heme? I would think they would shy away from such candidates knowing full well that they are looking for a hemepath only position, and will leave as soon as one becomes available, no matter what they claim. I think they would rather hire someone who's been in practice and actually doing both, then to take a chance at a new grad.