Starting as early as 2008, there were whispers going around about the pending pharmacist market saturation. I had concerns back in 2009 and started to question whether I would graduate with a job. There have been studies suggesting an impending doom for pharmacists in the future. Is this true? The answer is “maybe“. We can use data and history to make projections, however, projections do not equal outcomes.
Example: History tells us there is a major earthquake due in Seattle, WA within the next 300 years. It could easily stretch several thousand years from now, there is no way to predict the actual outcome. Another example would be the current bull run in the stock market is due for a correction. Every 7 years there has been a major correction evinced by history. Will it happen this year? Maybe. Thus projecting pharmacy saturation is a best guess estimate and does not equate to outcomes. There will be many factors contributing the overall pharmacist job market.
Is the Pharmacist Market Saturated?
Arguments for Pharmacist Saturation: Dr. Daniel Brown, PharmD wrote an article “A Looming Joblessness Crisis for New Pharmacy Graduates and the Implications it Holds for the Academy“. To break it down Dr. Brown suggests there will be a 20% unemployment rate for Continue reading