BUSINESS (Demographics) Flashcards
soil quality
-more black soil=more vets
-better the land=more people
-Palaster’s triangle: lighter/drier land=less fertile=run cattle on it=less people=fewer farms=fewer vets
*vets cluster where the people are
random clinics where there are no people or cattle
-in 70s, was a worry about a shortage of vets in small niches
-Manitoba: government attracted vets by giving them a clinic and money each year for equipment *drew people to rural areas
-now they retire, there is an empty clinic
>rather go to a larger centre with more vets (ex. don’t have to be on call everyday)
*disrupted the free market value
invisible hand of economy
-in free market economy: self-interest invidiual operate through a system of mutal interdependece
-interdependence, incentivizes them to make what is socially necessary even though they may only care about their own well being
Vet profession distribution
-small animals: 77.4%
-Equine: 7.5%
-Beef: 9.5%
-Dairy: 4.2%
-Swine: 1.4%
response rate for survey
-can help you validify the results
*can introduce bias
-10 to 15% is NOT great
biases
-every survey will have them
-realize which way they are going (the people most interested in the subject will likely fill out the survey)
-dissonance: causes a conflict or tension within someone about doing something (ex. filling out a survey or buying something)
Male vs. females
-males are baby boomers
-influx of young females since 1984
*con contribute to bias
reason for shortage of vets?
-not because of baby boomers
-we have a ‘quota’ of vet schools
>never have been a massive influx of vets graduating compared to influx of human population
*difference of Canadian population to the population of vets (different dynamic)
movment from large to small
-BSE=change agent
-took agricultural animals away and caused vets to focus on smaller animals
-then realized the money they could make from them
*overlooking a major revenue source because of seeing the necessity of helping the agriculture sector
mixed animal practices
-historically: 70-80% agricultural, but 40% revenue was from companion animals
-now: most are companion practioners with seasonal food practice work (ex. beef)
*leveling off the amount of hours spend with each species/group (ex. 77% small animals)
practice ownership
-used to be that most people who graduated will be associates, within 10-15 years they become practice owners (at least 50% of us will be)
-Survey: 44% practitioners were owners, 55% of owners were female
survey on number of practitioners in clinics
-similar results for CAP, FAP, MAP: most common was 1-2 person clinics
*not evolving quick enough
economy of scale
-applies to any profession
-we as vets want independence
-reason why doctors, dentists and optometrists have joined together
-still need similar amounts of support staff for a 1-2 person clinic compared to a 5+ person clinic
*need to maximize resources
new grads (clinic size)
-2 or 8 person clinic? Get more mentorship at a larger clinic, typically don’t have a problem hiring them
-‘easy’ to pay one more salary vs. a rural clinic trying to pay someone else (economically hard for them)
food animal practitioner
-can get by with a mobile practice
-if must do ‘exotic’ surgery, then can refer it
CAP in cities
-relatively easy to set up
employees seek to maximize their utility
-not income
-encompasse pecuniary (monetary) and non-pecuniary rewards
*think about overall happiness
*many get focused on the money and forget to negotiate non-monetary things
2006 WCVM survey
-average salary was $65,000
-if convert to today’s dollars after adjusting for inflation is $93,000
-new grads get around $110,000
*shows there is a demand because wages have increased more than inflation (the demand is pushing it up)
‘red flag’
-know that you have a shortage becuase of the difference in inflation and the changes in wages
interest in practice type
-47% MAP vs. 14% CAP pre vet
-27% MAP vs. 30% CAP 4th year
factors associated wiht graduates choice of career path
1.type of practice
2. expected level of mentorship/support
3. family/spousal consideration
-40% joined a practice they had an established relationship with teh vets
-3.4x more likely to go into food animal if from a small centre (<10,000)
-4.5x more likely to go into food animal if have Ag degree
Canadian graduates interest in practice type
-flow of vets is always towards small animal
-WCVM graduates quite a few MAP compared to other universities
-not a problem with graduating them, more a problem with keeping them in the field
factors associated with choosing a career in rurual practice
- raised in small center
- male
- above average knowledge of agriculture at the time of entry into vet college
*40% worked as summer student or had interactions with future employers
retention problem
-can keep graduating mixed animal vets, but it’s out of WCVM control when people move out of it
