It's risk tolerance, and it's all relative. I'll explain.
In 2005, a degree got you a job no matter how terrible you were. By the time you graduate in ~2021, we'll have been 16 years removed from these days. That's the equivalent of telling one of our older members to compare the job market (in general, not pharmacy) in 2000 vs. 1984. It's not fair to compare, so there's some aspect of that going on because 2005 is fairly recent for me personally (as I'm > 30 years old).
On the flip side, the current reality is that to have a better than average shot at getting a decent job, you need two discrete events to occur. Event A = admission to pharmacy school, event B = matching for a residency or event C = obtaining employment early & doing well enough to jump off of that.
If you only achieve A, you're in for a lot of trouble. The problem is, you can't even start working on B or C until you sign on the dotted line, plunk down a bunch of money, and commit to 4 years.
It's like driving full speed on a half-complete bridge over water and needing to invent and fire up a jet engine before you plummet over the edge.