<p>
</p>
<p>Uhm, then why do you think there isn’t oversupply of doctors or dentists? It is because American Med Association carefully restricts supply of doctors and supply of medical school that is accredited is limited. </p>
<p>American Bar Association is more worried about making more money for themselves by opening more law schools. Yes - many of board members from ABA come from law school faculty. It is in their interest to open more law schools and charge 50k a year tuition from students.</p>
<p>This is a moral hazard issue, at best.</p>
<p>It is disturbing that many lawyers in this market are worse off than janitors or plumbers. Hey, at least most janitors actually get PAID for their work. Can’t say the same for many lawyers out there.</p>