The field is caught in a death spiral. Constantly tight job market and uncertain future keeping good candidates away. Who can blame them?
The "Pathologists are Groovy" campaign from CAP didn't do much for our image either.
I can only speak to my personal experience. I originally wanted to go into Dermpath.
Unfortunately, I did see not see what was happening in the job market in 1994 as the first wave of managed care hit.
I applied over a year out for a Dermpath fellowship but they were only accepting applications two and three year out for 1997 and 1998.
I said to hell with that. I managed to find locums work rather excepting a fellowship I did not want.
The Wall Street Journal reported 10% of the pathologists were unemployed at the time. CAP was predicting and mass shortage of Pathologists that never came. They have done so repeatedly ever since.
Most of my fellow residents ended up taking two or three fellowships at the time. Some left pathology all together.
I ended up with a very good gig in the Midwest.
I wanted to move to a rural location the southwest ,CA, AZ, NM.
I did not know anyone from the region so took it 5 years. (I admit that I did not go to great lengths to move. )
Right now this what I think:
1) Totally an employers market . If even rural locations are easy to fill then this not good.
A higher percentage of positions are lower paid.
2) Hospital have no incentive to pay for medical directors ( Part A).
Many hospital get away with not paying for real work and call time.
3) If any lab, hospital, clinic can make a huge margin on your labor then there are too many us working at a cut rate.
There are not many specialties that have such excess that folks will let the house take 40-50% of the professional pay.
We are small specialty with no clout and we don't control patient flow.
CMS sees that we work for cheap. We will eventually take a big hit as a result.
We are very lucky if a major change in payments does not hit us like in the 1980s and 1990s.
Nothing that we have seen recently comes close in term of disruption and changes in employment.
My bottom line:
Things are not dismal many still do very well in this profession.
However, there is an excess and has been for a while.
This make us an extra vulnerable profession.