Article: http://exclusive.multibriefs.com/content/is-the-sky-falling-for-pharmacist-salaries/pharmaceutical

This article is pre-covid and does not represent the current labor market, but the principles apply nonetheless.

Discuss the following points using supply and demand/employment theory while keeping in mind long-term competitive trends:

1. What would explain why pharmacist's salaries are going down?

2. What will need to happen for pharmacist's salaries to begin to go back up? Or at least match inflation?

3. Do labor markets follow the same maxim of zero profits in the long run?