They “smell” money – not another pharmacy school !

I just love my email… via my blog… I have thousands of eyes seeing/reading stuff and sending me links..

My email is like a box of chocolates… you just never know what you are going to find..

This article showed up this AM…

From the article:

The University at Buffalo is the only other public school in the state that has one, BU President Harvey Stenger said.“It’s a good program, and it’s in high demand,” he said.

The pharmacy school would be a welcome development in the area, said state Assemblywoman Donna Lupardo, D-Endwell.

By adding this program, BU would be able to help fill a need in the economy, as there is a nationwide shortage of pharmacy workers that is expected to continue growing, Lupardo said.

“We want to move as quickly as we can,” Stenger said.

This reminds me of the “irrational exuberance ” that was used to describe the stock market in the late 1990’s and early 2000’s… and we know how that turned out for many people and their retirement programs.. trying to “get in on” making money… and then everyone start putting their money into real estate in the mid 2000’s .. because no one every loses money on real estate.. and we are still trying to see that work its way back to “normal”

Who have these people been talking to “NATIONWIDE SHORTAGE ” ???  and it is “EXPECTED TO CONTINUE” ???

We have already seen the first “new pharmacy school” in eastern Kentucky pull the plug before they accepted the first student..

In the last year.. I have not talked to the first practicing Pharmacist that is encouraging kids to study pharmacy… many/most .. are DISCOURAGING kids from going into pharmacy. I know that personally, I have successfully discouraged a handful from going.. and I got one that I am still working on…

How much longer before the term irrational exuberance will apply to pharmacy education ? OR are we there already ?




One Response

  1. The market in Massachusetts is terribly flooded right now. Students cannot find jobs here, due especially to the fact that we have far too many pharmacy schools for 1 small state.

    Unfortunately, there is not much we can do to stop it – aside from explaining to students that they are going to be hard pressed to find a good job. The chains want to flood the market – so they typically welcome interns. Our pharmacy associations often contribute to the problem too.

    Pharmacists working to lobby for more appropriate staffing – legally requiring more RPh hours – is one approach. But it will take a lot of effort for sure.

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