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The opinions expressed in this blog are not intended to be taken as legal advice. They are to be taken as opinion only and I encourage you to complete your own due diligence when making a decision regarding pursuing your education or managing your student loans.

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Thursday, June 3, 2010

A Little Pre-Recession Love (Hate)

Many people have told me that the employment problem for new grads, especially new lawyers, is simply an obvious effect of the "Great Recession." While there is definitely validity to this point, I am of the opinion that most of the mainstream media focus on the recession's effect on the "glamorous" jobs.

The difficulty in getting more truth or "anti-marketing" out is not just a result of the mass media. An additional issue is that using the recession as an explanation/excuse only furthers the systemic problem and indoctrination that more school = more earning power.

I recently had a discussion with someone who was not sure if he wanted to attend law school in the fall (he was admitted to a few top 50 schools). He mentioned that all the marketing and job stats seemed so rosy but he sensed there was more to learn.

Rather than (continue to) blabber on, I thought a Wall Street Journal article from 2007 would carry more credibility and weight. Specifically, check out the graph on the left comparing GDP to legal services.



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1 comment:

  1. see this as well:
    http://www.latimes.com/news/la-fi-phd-blues-20100604,0,2716600.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+latimes/news+(L.A.+Times+-+Top+News)&utm_content=Google+Feedfetcher

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