no it doesn't but it's okay that people think it does--the misconception is useful
In DL Nemeril’s excellent Your Soul Knows Why You’re Here https://medium.com/spirit-alchemy/your-soul-knows-why-youre-here-fab15a32045f, she delivers this simple, elegant, and correct explanation from her spirit guides:
Here, we would like to add that we do not agree with karma meaning you have to ‘pay’ for what you did in another lifetime. That is a very human perception, of life being a court system meting out reward and punishment. Karma is a vibrational level that draws the experiences needed for healing and growth to a soul. Nothing more.
Mic drop!!
For further exploration of the topic, you can click into my https://medium.com/channspirations/revisiting-karma-and-the-law-of-attraction-997965601b65