This article misses one point, law school is expensive!
Students generally will want to pay their 6-figure debts with a matching salary.
When you don't have to worry about a huge debt, it allows you to be riskier and try other avenues, such as public interest, or work in small lesser known industries
Desired salary is inelastic. Everyone would like to make as much as possible, regardless of debt level or career/education.
If anything, a higher debt load should make someone risk averse, and more willing to take on more lower paying jobs, rather than waiting around hoping for a high paying job. In a situation where there's more supply than demand, those risk averse people should be pushing the overall price lower (there will still be niche situations where price isn't affected).
Having a higher debt load might make you desire a higher salary, but it's real debt and needs to be paid off. Unless you're a member of a cartel who is fixing an artificially high price, competition should come into play and prices should drop.
The article did mention student loans. Also, I can't help thinking that the reason law school can be so expensive is that the students can then get overpaid jobs and pay it back.
The law school is as expensive as the medical school, or almost.
While at medical school you can understand the infrastructure you need to teach people, what infrastructure you need when learning law?
Students generally will want to pay their 6-figure debts with a matching salary.
When you don't have to worry about a huge debt, it allows you to be riskier and try other avenues, such as public interest, or work in small lesser known industries