Quote from FNP2B1
Its going to get worse. Those who don't believe this have their heads in the sand. It's simple economics. This is a prime example of a new grad trying to take any job she can get and any pay grade. I get it that we all need positions but the glut of new grads just brings wages down for all NPs.
What evidence do you have to support your position? We have a largely free-market capitalist economy and competition is its driving force. When labor markets are distorted, as the AMA did by severely restricting the number of MDs, needlessly high costs result. That is why PAs and NPs became increasingly popular. Now the medical profession is working to increase the number of med school grads.
Let's do a thought experiment: we magically restrict the number of new grad NPs and PAs to increase their compensation. This works in the short-term, but in the long run it will backfire. Organizations will now have an incentive to train lower-level healthcare workers, automate, and outsource. Here's how that could work:
1. An "RN Plus Specialist" with limited diagnosis and ordering capabilities.
2. Increasing the move to develop healthcare AI that can be used by trained healthcare technicians to diagnose and treat simple conditions - this is already in development.
3. Using cheap foreign healthcare workers, including MDs, via telemedicine. This is already happening in radiology.
Right now, we have a distribution problem, not a supply problem. There are plenty of places with a shortage of primary care providers of all flavors, and these areas pay quite well. It is incumbent on job seekers to go where the jobs are.
Professionals at the top of their game are not afraid of competition. I don't hear lawyers, accountants, business executives, and top technology talent complaining about too many new grads.
Personally, I think our society should be striving for universal access to affordable basic healthcare. We have a long way to go and a lot of unmet demand.