Not true of medicine in the US. The AMA functions as guild system, and medical doctors' salaries are kept extremely high. Yes, the training period is long and expensive, but at least there's a near-guaranteed payoff at the end.
Law does suffer the same glut of workers relative to jobs as academia.
A) $200k is very high, and if you disagree I'd say you're so out of touch with most Americans it borders on delusional.
B) Only pediatricians and primary care doctors make as "little" as $200k. Most specialties have median salaries in the $300-$500k range and some surgeons make even more.[0]
Law does suffer the same glut of workers relative to jobs as academia.