Thursday, March 11, 2010

List of Law School scam busting blogs added.

I'd like to take this moment to warn anyone thinking about going to law school as a means of avoiding the rising tide of misery that has engulfed the lower and middle classes NOT to go! Sadly, the legal profession is horribly glutted and has not served as a ladder of upward mobility for most graduates for decades. What is even worse is that most law students graduate with mountains of student loan debt that cannot be discharged in bankruptcy. They end up jobless, indebted, and pretty much unemployable in other fields. (Employers in other fields will wonder why the hell they aren't working in the legal profession because most non-lawyers mistakenly believe that all lawyers are rich.)

Unsurprisingly, the American Bar Association and the nation's law schools have done almost nothing to address or even acknowledge the problem of lawyer overproduction. They are, after all, in essence, self-interested businesses whose stakeholders are professors, deans, and administrators. In the meantime, the cost of one year's tuition at many law schools has skyrocketed to an almost unbelievable $45,000/year!

If you cannot gain admission to a top ten law school, don't go! Heck, even if you can gain admission to a top law school you really need to give the matter very serious thought. Recent articles have reported that even students at the top law schools have been having difficulty finding positions.

Lawyer overproduction might be good for the education and student loan cartels, but it isn't good for our society nor our economy. When a college graduate cannot find employment in his field or at least in a field that would utilize the knowledge he acquired, the time and money he spent on education constitutes economic waste. Sadly, this problem is not unique to law school. We are also producing too many MBAs, too many Ph.D. scientists, and probably too many degree holders in just about every other field as desperate students engage in what amounts to an education arms race.

Limiting the number of people who can obtain college and graduate education is not merely economically sensible, but also humane. The unseen tragedy is that tens of thousands of well-meaning, hard working, often highly intelligent people have had their lives destroyed by student loan debt and the inevitable feelings of anguish and humiliation that must come from having invested years of effort and gobs of money on college education only to discover that they cannot find positions in their fields. My heart goes out to them.

However, there are a couple people fighting the good fight. In the past few years a number of excellent blogs have sprung up to "expose the law school scam." (Aside from providing devastating satire, I think they are claiming that the law schools provide prospective students with very misleading employment statistics.)

Here are some of the blogs that I like to visit in no particular order. The first one is a discussion forum for angry, disenchanted lawyers.

JD Underground -- discussion forum
Exposing the Law School Scam
Esq. Never
But I Did Everything Right!
Third Tier Reality
Temporary Attorney: The Sweatshop Edition
The Jobless Jurisdoctor
The Last Ship to Leave Middle Earth
Children of Debt
JD Underdog
Big Debt Small Law

I guess I'm a law school scambuster too, but the focus of my blog is less about the value of a jurisdoctorate and more about the economic and societal irrationality that has plagued our country, including the spectacle of our society's educating people for non-existent job positions.

Our nation's myriad problems feed on one another. Global labor arbitrage has destroyed American manufacturing and cost us a great many knowledge-based jobs that require college education, which compels even more people to rush into the colleges, resulting in a large oversupply of people with bachelors degrees. That large oversupply drives people into graduate and professional school as they seek to outdo everyone else. In the meantime, many people are returning to college for second or third degrees and often for professional degrees. It's all connected.

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