Most trendy, fashionable and 'glamorous' jobs are like this. A lot of suckers want to get into the field, and the employers know this. I know people who work in haute-couture shops. They typically clock in 14+ hours per day, and regularly work insane hours on the weekend. The weeks leading up to a fashion show / collection are brutal. These people have years of experience and managerial responsibilities, yet their sa…
> Most trendy, fashionable and 'glamorous' jobs are like this. Which is why the smart thing to do is to go for the most unfashionable job (or market, if you're starting a business) you can find that provides a product that your customers simply can't live without. You just don't want to be selling an elastic product, and you don't want to be in an industry where there's supply-side competition from people who are doi…
I agree with your overall point but will temper it some by noting that there are VERY high barriers to entry (http://jseliger.wordpress.com/2012/10/20/why-you-should-beco... for one discussion I wrote) and those barriers are enforced by regulators. That being said, once you get the necessary credentials to enter the market the gig is pretty sweet and pretty protected.
The real benefits, however, appear to accrue at the lower end of the profession (nurses, P.A.s) and the very high-end (specialists). The great middle (family docs, internists) appear appear to be hurting.
Oh, and dentistry is awesome from a money / lifestyle point of view, but it's not much respected (http://www.theonion.com/articles/local-prostitutes-eagerly-a...).