> the problem has been accelerated by the sheer number of college/grad degrees given out like candy the last 20 years
At least in medicine this isn't the case; the AMA effectively limits the number of positions available. The ratio of doctors to patients has hence been steadily decreasing over the past few decades.
Why aren't there any more medical schools then? I believe professional schools (law, MBA etc) are historically very profitable for universities so they are (or were) incentivized to open even mediocre ones.
Mostly because they’re extremely expensive to set up.. but even so there are maybe a dozen new ones that have opened in the past 5 years with about that many under discussion to open in the next 5 years. I think the big bottleneck right now is the residency slots, those need Federal funding and they’ve been hesitant.
At least in medicine this isn't the case; the AMA effectively limits the number of positions available. The ratio of doctors to patients has hence been steadily decreasing over the past few decades.