I somewhat disagree with this statement but I have a few things to offer:
1.) My hospital currently has a combined model. This is becoming more popular among institutions in this economic climate. 95% of our dayshift pharmacists round with the services they cover and enter orders. We have a few specialists who round and do administrative activities.
2.) With the above being said if you want a day shift position at my institution you have to have a pgy1 residency or significant experience. On evening shift I would say 80% of our pharmacists also have 1 year of residency. You are at a severe disadvantage getting a job at my institution unless you want night shift if you have no residency.
3.) PGY2 residencies provide you with many opporunities besides working in the hospital. Many become specialists, but you can also go work for the government, academia, big pharma, pbms, medical writing etc. You have a specialized knowledge set that many people will pay you for. But like I said a lot of institutions in the southeast here are rolling everyone into one group in terms of the hospital pharmacy. Specialties like ID, oncology, critical care, and mine (transplant) tend to have more specialist opportunities in hosptials. These patients need more monitoring and are at risk for complications from meds. Many of the physicians want a specialized pharmD to round.
4.) IF you are not sure just work. I worked for a year but wanted a better knowledge set and possibly other opportunities so I went and did 2 years of residency training. I wasnt ready for a 9-5 job. I dont know any pgy2 people who go and work for walgreens or CVS unless thats what they like better.