wedrifid comments on Causation as Bias (sort of) - Less Wrong
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I would have said it is because philosophy as commonly practised is a relatively simple skill that serves primarily as a carrier signal for social politics and only incidentally to generate insight into the nature of things. (Having exposed myself to altogether too much of the Australian Association of Philosophy conference in the last week may well have contributed to this cynicism.)
You're right - another problem is that the barriers to entry are poorly correlated with expertise. (In contrast to health care, where a would-be good doctor may burn out in med school but a student who doesn't is likely to be competent.)