The answer is an overwhelming, yes!
Even law school graduates are suing their schools for misrepresenting the issue of post-graduate opportunities for lawyers. A recent case involves a $200 million dollar class action against New York Law School. Another similar action was filed against Thomas M. Cooley Law School, and they'll undoubtably be others that follow suit.
The reality is that paralegals are dependent on lawyers for a living and that law is one of the worse fields to be in right now. Not only is legal work being outsourced and in short demand, but some of the software they have our right now and developing could very well replace lawyers and paralegals over the coming years. Factor in the legal self-help products on the internet and the future looks rather bleak.
Anyone thinking about a career in the paralegal field is not playing with a full deck. You can save time and money by not choosing a career that is on its way out.
It doesn't matter what type of paralegal credential you have, jobs are in short supply and without any experience, you will not be hired.
Save your hard earned money and look for a better career path where at least you might find a job. Anything else is wishful thinking.