I'm an Attending 4 years out. I agree with everything said above. Take it serious. I'm already looking for a way out. I'll explain what happened to me. I guess I'll just add to the narrative. I'm sorry if it is a bit long.
I was one of those students who "who couldn't see myself doing anything else." I volunteered in an emergency department in high school. Then I worked as a tech for 6 years before medical school.
I graduated residency in 2019. I had a pick of 2-3 good jobs close to home. I ended up signing to a hospital employee model. I had a 100K student loan repayment bonus. I never signed any NP charts for patients I never saw. I was teaching faculty for the family practice residency. I was on the trauma committee. I was number two in the department for patients per hour and had middle of the pack patient satisfaction scores.
Then in 2020 the pandemic came. I sat in a meeting where the director of Infectious Disease said the mortality from COVID would be 1 in 10. Obviously, things did not shake out like that, but at least for a few months that is what we thought. Every doctor in the ED signed up voluntarily for call shifts where we would be called in for patient surges. We were told to see COVID patients in a tent provided by FEMA. We didn't have enough PPE to go around so we were reusing N95 masks over multiple shifts we would put in paper bags and hang on the wall and cover them up with bandanas to keep then cleaner for longer. One of the guys had a newborn at home and would sleep in his car because he was scared of giving his one month old COVID. However, the volumes were elevated for maybe a month or two then people just stopped coming to the emergency room. People coming into the ED dropped about 20% and when people were admitted they would board in the ER because the rest of the hospital was just full.
Because the volumes dropped they cut the hours to the emergency physicians. We were fully staffed before the pandemic, but now as the volumes dropped by 20% we were overstaffed by 20%. So, the decision was made by the medical director that the new doctors would be fired the old ones would stay. I remember being at a family party with my newly pregnant wife and getting the phone call that I was one of the 6 doctors let go. Now, this 100K student loan bonus I signed for I had to pay back. I had 3 months to find a new job. I couldn't believe after MCAT, Medical school acceptance, USMLE, and 500K in student loans I didn't have a job. I have no red flags, never been sued (so far), and am a pretty efficient physician. I was so willing to work in a tent with a reused mask, but once the volumes dropped I was out.
I scrambled to sign a new job. However, because almost every emergency department had the same issue as above I had no negotiating power. One job I interviewed for and was offered a job had an insane non-compete. I was not able to work at any other hospital. I was unable to quit for two years and I had to give 6 months notice if I did leave after two years. Ultimately, I picked up a CMG gig. Yesterday, my inbox had 40 charts for patients I never saw I had to sign. Last month, I got an email that my pay was decreasing. No discussion. Just a Docusign for a new contract for a lower pay.
Here is my advice: If you are a current medical student just avoid emergency medicine all together. If you are a current resident work really hard to get a fellowship that gives you options CCM, pain, sports, administration/MBA, addiction, palliative. If you are a new attending pay off your student loans as fast as possible and work on diversifying your skills. No one is coming to save emergency medicine. I don't know what those skills are. I'm trying to figure that out for myself.