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As an aside: I believe it isn't bc students today are "lazy" so much as we just don't want to be treated like crap. It's not so much that we want specialties that don't work that much and are reimbursed so, so much as we want specialties that DON'T work 100hrs/wk and pay $95K/yr. If gen surg or IM started working 40 hrs/wk and paying 400K/yr, it's competitiveness would skyrocket.
Many older docs have openly expressed distaste for the attitudes of the most recent generation of physicians, and in numerous articles/interviews, have called it an "air of entitlement". In addition to the scaled back residency hour maximums, you are seeing significant increase in interest in even some of the less competitive of the lifestyle fields, a fall off of interest in some of the more hour intensive things, and increased demand for part-time options. And salary expectations are reportedly not jibing well with reality in some regions - people are still coming out of residency expecting some of the salaries of years past. Acording to some news reports, this has actually worked as a boon for nontrads, who come into their employment years with more realistic (or at least pessimistic) expectations.
It will be curious to see how people adjust to the ever increasing hourly demands coupled with decreasing reimbursement amounts likely on the horizon. Everybody going into this field should have their eyes open -- the medical world is changing rapidly and what you see now may not stay the same for long.