See other posts here re laissez faire credential inflation, terms search, three billion new capitalists, entrepreneurs, credential society.
Law is only the tip of an academic and credentialist iceberg, now rapidly and rather suddenly melting away (excess capacity; 'structural'), under the hot, fetid breath of globalist employment pressures;
see Randall Collins now slightly dated book The Credential Society; back then he wasn't worried analytically so much about foreign work force pressures on American employment or education, and mostly contrasted other systems' different educational structures.
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