I'll speak to my little corner of the pathology world (FP). I can think of 3-5 pathologists 55+ who will likely retire in the next 3-5 years. FP is more physically demanding than other areas in path (you try autopsying a 250 pound decomp if you doubt), so many want to retire by their early 60s. Just attending our national meetings, there are a lot of 50+ FPs. People eventually retire, and some unexpectedly go out of the workforce (disease, death, injury). So while exact projections may be tough, the general notion seems plausible.
Logic dictates that shortage or not will depend on
(initial pool of existing pathologists) + (newly minted pathologists during the observed period) + (creation or loss of net positions, not replacements during the period; this will depend on change in the work volume and in work efficiency) - (number of retiring pathologists during the observed period)
Yes, one day, all old timers will retire, however it is foolish to count on it in the near future. Those who do are talking out of self interest.
We have a significant oversupply of underemployed pathologists built over last 30 years. Under-employment is not only lack of enough work, but in less income and lack of professional mobility, respect and prestige.
If this state of under-employment the is what we want to maintain, then, go ahead train more and continue to lie about the wonderful job market!
In my opinion, the currently work efficiency is low, especially in the academia. Market condition and reimbursement cuts will force change in the direction of more volume and more work hours per pathologists and more reliance on PAs. I speak this from my personal experience.
New technologies may cut or divert away work from us. This may turn out to be a huge unexpected negative surprise.
I see quite a few pathologists working past 70 years. Those in position of power tend to stick around longer, working part time in many cases, because they can lean on younger ones to do tougher chores.
As I see it, differently from clinical fields, academic pathology is dominated and led by those more interested in publishing and basic research than in patient care. This crap of basic science research should done separate from Pathology. In part because of this addiction to research and publishing, a far greater number of trainees than justified by the job market are minted every year. We must remember that we are not PhDs and we should kick out those who think otherwise from our field!! I would recommend that the academicians study Mayo model, where every consultant works, and very productively.
This talk of near future shortage is very suspect because of its provenance; it comes from those who were wrong for at least last 30 years and those who do and will greatly benefit from the status quo.
I am encouraged that, through a forum such as this, medical students can learn about true face of pathology. When BU Pathology counts fellowships as "good jobs", it is difficult for me to believe in sincerity of his intentions.
In reading a recent poster boasting his good fortune of securing a 300k first year and 500k second year job, I chuckled. This confirms my long held opinion that pathology is a high beta or "quantum" field. Yea, it is possible, but not likely to happen to you my reader! I happen to currently know of three DPs, all former professors of very prestigious academic centers looking for "more hours" and "more stable" positions. One thing that I see and is little talked about is the job insecurity of those working.
I fully agree with another poster that we badly need first year clinical medicine internship (rather than the back-end glorified fellowships) in order to elevate our field to status of clinical and not PhD medicine.