Is this a cyclical aberration or are there serious issues with the incentive structure in our education system and the labour market?

04 April 2018 0 4K Report

On April 17, 2018, the following news appeared in some newspapers in Mumbai.

DOCTORS, LAWYERS, MBAS IN THE RACE TO BE MUMBAI POLICE CONSTABLES (https://mumbaimirror.indiatimes.com/mumbai/cover-story/doctors-lawyers-mbas-in-the-race-to-be-constables/articleshow/63791555.cms )

Doctors, MBAs, Lawyers Appear For Mumbai Police Constable Posts (http://www.india.com/news/india/mumbai-police-constable-post-doctors-lawyers-in-the-running-for-over-1000-vacancies-3005330/ )

2 Lakh Including Engineers, Doctors, Postgraduates Apply For 1,137 Constable Jobs In Mumbai (https://thelogicalindian.com/news/2-lakh-including-engineers-doctors-postgraduates-apply-for-1137-constable-jobs-in-mumbai/)

The question is:

Is this a cyclical aberration or are there serious issues with the incentive structure in our education system and our labour market?

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