I am 17 years out of residency and burned out. I recently left private practice (non-CMG group) for the VAMC, which has made me much happier. EM was good for me but if I had to chose a specialty today I wouldn't choose it. Not just because of the lack of future good jobs. The job itself isn't as fun anymore - when I started no one even knew what press ganey was. The job ground me down after 17 years but I think nowadays it would have been more like 5-10. For me it was:
1. constant grinding at 2+ pph, every shift
2. weird shift times, even after I got off nights
3. lawsuits (I've been involved and dropped from 2, but they each lasted 3 years). I couldn't imagine going through another.
4. rude, entitled, drunk, psychotic patients account for a large fraction of what you see. It eventually gets old.
5. BS: actual medicine ratio is much worse.
6. I worked at a high acuity center and always coming to work hyper-ready, like it's the superbowl wears you down.
7. Looking around at my partners and seeing how old & burned out they look
I think the best jobs are now rural ones, or where I work (VA). Funny, because those were always the ones looked down upon.