On the other hand, because of supply, finding a good lawyer just requires a bit of money, well within reach of the average person facing a criminal trial or some civil dispute. Finding a good doctor requires sitting on waitlists for months (if you’re lucky enough to find one taking new patients) unless you have enough money to afford a concierge service, which the vast majority of people cannot afford. I’ve had bad concierge doctors but I’ve never had a shitty lawyer paying that kind of money.
I mean really, where do we stop? There’s many more English literature graduates than jobs. Same with ____ studies and just about every other humanities degree. Do we restrict those too? How about higher education altogether?
There’s an important debate to be had about government financing and the non-dischargeability of loans and all its effects, but restricting education based on job supply is just harmful to societies on so many levels.
This is a two way street. Everybody needs medical care. Almost everyone is going to need legal advice in their lives. Depriving them of competent care and representation does far more harm than limiting supply would save. Failed medical students don’t die from the ordeal, but patients do.
The washout rate for A&P aircraft mechanics is on the order of 75%. Imagine if healthcare were as reliable as airplanes (though there’s a shortage there too).