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Pharmacist Shortage: The Shocking Truth
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- čas přidán 11. 04. 2024
- Contradictory claims exist regarding the pharmacist shortage versus the job market demand for pharmacists.
Alex Barker, Founder of The Happy PharmD, provides a thorough breakdown of what's really happening with new graduates, job market numbers, and workplace issues in pharmacy today.
Links mentioned in the video:
- The Happy PharmD Podcasts: thehappypharmd.com/hpd-podcast/
- Whistleblowing & Pharmacy: When and How to Address Pharmacy Fraud with Jon Tycko • Whistleblowing & Pharm...
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Alex Barker is the founder of The Happy PharmD - a community crafted for pharmacists to navigate their career paths together, securing their dream jobs swiftly at organizations where they’re truly valued-and, of course, earning well!
The Free Book "Indispensible": thehappypharmd.com/freerxbook/
The Coaching: thehappypharmd.com/talk-with-us
The Courses: happy-pharmd.teachable.com/
The Pharmacist Salary Guide: thehappypharmd.com/pharmacist...
Follow us also on:
Instagram: / thehappypharmd
TikTok: tiktok.com/thehappypharmd/
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1:57 Pharmacist Shortage
3:12 Academic Panic
5:17 Impending Crisis
8:41 Not a shortage
9:26 Preference Mismatch
12:11 Burnout
16:55 Problems with the workplace
18:32 Fix the System
20:33 Demand more for yourself
Can you give a short summary on what exactly is wrong in the pharmacy industry? Like is it not worth studying? Or are there no jobs? Or is there no money? I know these questions might seem ridiculous, but i’m just anxious and so lost.
When I am asked about pharmacy, and should my kid think about pharmacy school, I’m torn. It can be a great career. (It’s no longer a profession)
Now I just tell people: If you do go into pharmacy, do something interesting. There’s plenty of things to do with a pharmD. Don’t go into retail, don’t work for a major corporation. If your employer is on wall street, they are not looking out for you and your ability to do your job adequately. They are looking to make money for the investors. It’s that simple.
Wise insight. Do something interesting.
sinking ship requiring residency and a doctorate for an entry level job...welppp
Great video by the way, best analysis I've seen so far.
With the closure of Rite Aid and 450 phamrmacist flooding the market, I dont know how there can be a shortage.
Yep, there will be another 10,000 unemployed pharmacists very soon with the closures.
Very well done. Subscribed. Keep it up man.
Thanks!
This is a political problem, not some type of informational deficit problem. The US has been entirely corrupted by corporations over the last 40+ years. Ever since Buckly v. Valeo (Supreme Court case) allowed corporations to flood money into political campaigns, corporations, specifically those with the most money now control everything. They've busted and gutted unions which do allow for better working conditions. They've avoided regulations which would set floors for how much staff are in pharmacies. They've allowed private equity to buy up like a huge amount of the hospitals. You're something like 25% more likely to die in a private equity owned hospital because they cut staffing back so much. Basically the big insurance companies that own the politicians are why workplace environments are bad.
Spot on, and it all gets justified under the headline of "making the US more compettitive".
Literaly anything that gives more money to buisness will be justified this way. Society, ethics or common sense are irrelevant.
@@andreaslind6338 what’s sad is employers will threaten to move jobs over seas if workers don’t submit to bad conditions or bad pay. But pharmacies don’t even have that leverage. CVS can’t fill scripts in Mexico for a customer to pick up in a few hours. So in that respect pharmacy workers have leverage other companies don’t. Yet the biggest gains for workers have been in manufacturing lately.
I'm nervous about starting pharmacy school because all my relatives and advisors tell me it's unstable and not worth it anymore to build a healthy career and life. However, when they speak about this, it’s in regards to retail work. What are your thoughts on hospital or pharmaceutical company jobs?
Wow. I'm just an MPM, and this spoke to me.
Glad it did, but I don’t know what a MPM is! lol
I just got into pharmacy school after careful consideration between pharmacy school or medical school. I chose pharmacy because it seemed to be more balance, rewarding (financially and patient difference) and catered to my strengths. Now after watching this video I’m worried if this was the right profession to go to. I see mixed opinions on the trajectory of pharmacy. 😢
Do NOT go into retail, especially with the big chains. They will GRIND you down.
dont do it....
Dude, some of us have tinnitus. So thanks for the intro.
Sorry, will forward to my editor. Thanks.
There are a lot of pharmacists who switch to med school now!
Anecdotally or statistically? I haven't seen any changes over the norm.
If they get accepted, med school admissions is 50x more competitive
@@forthdimension686 It is more competitive for obvious reasons. Burnout rates are similar.
@@forthdimension686 50X? How did you come up with this number besides pulling it out of your ass? The real answer is medical school is just over 2X more competitive. One need only look at the percentage acceptance rate to determine this.
I am planning on starting pharmacy school soon, but everything you explain is what so many people tell me about the profession and I’m worried about the salaries decreasing and finding jobs. Do you think switching to med school is more reasonable at this point?
Physician suicide and burnout rates are just as high if not higher than pharmacists. Yes, they make anywhere from 25K to 50K annually more starting out. But you should pursue what you want, not what the the economy is doing or base your decision based on what you can get paid. You can make a decent living in nearly all healthcare industries.
As a recent pharmd graduate. If you do not LOVE pharmacy (which idk why you would) DO NOT DO IT. i wish every day i didnt do it. Ruined my life
@@DeweyNation That stinks. I’m sorry you feel that way. I felt that way after 3 years of practice.
I hope you find a reason to love pharmacy again.
Could pharmacists unionize?
Don't worry, Walgreens, Rite Aid, and CVS and shrinking store numbers so they'll be plenty of supply in the pipeline.
There wasn’t a shortage to begin with, but you’re right. There will be many more job searching!
New grad here, I don't want to work at any of those. I am lucky enough to be able to hold out for something better.
@@autumnm2075 Congrats! What are you looking to get into?
Mail order via Amazon 100 techs and one license😂
More schools means more graduates and applicants competing on a limited and consolidated industry and wages of retail pharmacists barely went up by pennies… Welcome to Corporate America!
The numbers have stabilized to a new low, but your market demand point is true.
There is a shortage for a reason.(shitty jobs)...pharmacists are walking out, like CVS pharmacists in Kansas City last year. Corporations screw you over and they play hard ball - they don't play softball. You are absolutely right. Corps force you to come up with the lack of profits by leaning on you. There may be a few great jobs, perhaps in clinical. Academia is lying. They also want to call a 6 year degree a "Doctor of Pharmacy" ...which is total B.S. (pure manipulation) just to sell degrees to the naive. Then they graduate and think they're really a "doctor" ..haha... I'm not gonna try and fix the system, I'm off to better and bigger things. Go to med school or get out of health care.
The next generation isn't listening....
There is no future for this profession, it's a sinking ship
I get where you’re coming from because I thought the same, but my clients and I disagree. There are shiny examples of new career paths and fun jobs. The vast majority of jobs right now, though, are in trouble.
It depends on what arena of pharmacy you work in. I work in the ICU. We are forever.