The Prof G Pod with Scott Galloway The Pharmacy Staffing Shortage, Is the US College Price Tag Still Worth It? and Why You Should Say Yes More Often
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Jul 31, 2024 The podcast dives into the pharmacy staffing shortage in the U.S., highlighting how industry power dynamics are at play. It questions the value of a college degree versus studying abroad, considering financial burdens and potential returns. There's also a heartfelt discussion addressing a listener's worries about moving to Montreal, offering insights on embracing new social opportunities. Overall, it's a captivating exploration of current issues in education and workforce.
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Pharmacy Staffing Crisis
- The pharmacy industry faces staff shortages due to low wages and burnout, especially with retiring boomers.
- Applications to pharmacy schools have significantly declined, while job postings remain high.
Causes of the Pharmacy Crisis
- Industry concentration, regulatory capture, and the control of job listings by a few companies suppress pharmacist wages.
- This market concentration contributes to the ongoing staffing crisis.
US vs. European Colleges
- The US college experience, though expensive, offers unique advantages like strong brand recognition and a vibrant social scene.
- European universities provide better value but lack the brand equity and social aspects of US colleges.
