Yeah even if you stopped schools today from printing pharmDs the level of saturation would take 20 years to balance out. Pharmacy will become like
Yeah even if you stopped schools today from printing pharmDs the level of saturation would take 20 years to balance out. Pharmacy will become like law. The top 30% of pharmacists will have jobs the bottom 70% will work at mcdonalds or some other low paid job. The free market can't support 15,000 new grads a year with only ~4,000 new jobs a year. That is 11,000 permanently unemployed pharmacists.
The real loser is the tax payer that loaned this easy money to these students that will never get repaid. I imagine the government can just keep printing money to off set this loss further debasing the monetary supply.
law. The top 30% of pharmacists will have jobs the bottom 70% will work at mcdonalds or some other low paid job. The free market can't support 15,000 new grads a year with only ~4,000 new jobs a year. That is 11,000 permanently unemployed pharmacists.
The real loser is the tax payer that loaned this easy money to these students that will never get repaid. I imagine the government can just keep printing money to off set this loss further debasing the monetary supply.