<p>From a science viewpoint, I kind of favor the idea where admission acceptances are kept to a minimum. In this way, only top students are admitted to the top programs and this keeps the quality of future academic leaders/researchers/professors high. Also, in academia, schools are training more Ph.D. members than there are job positions out there right now.</p>
<p>Going off topic a bit, it bothers me when pre-medical students start applying to graduate programs as a “back-up” when they actually have little interest in research!</p>