At my school, nobody seems worried in the least, despite the fact that I've met a few 2Ls without offers.
Are there tensions I'm missing beneath the surface? What about at your school? Is the whole "stressing out about the economy" an online LSD/xoxo thing? It doesn't seem material IRL. People look at me strangely when I talk about the possibility of not getting BigLaw.
I think law students aren't worried about the economy for the same reason undergrads/grad students aren't worried. It's because our entire lives we've been taught that education brings opportunity. And the higher the degree the more opportunity. Of course students at top law programs have been programmed to be immune from such silly concepts as economic downturn and recession. It doesn't apply (lol)!
Granted, I think there may be some false sense of hope for some. Everyone is not going to get the 6-figure big law job or the job of their dreams whatever it may be. But also, the economy is every shifting and constantly changing. what holds true this year may not be true next year. people freak out because they've stopped giving new associates big bonuses--that's a reasonable cut back in order to keep the associates they have and to hire new one the next year.
The world will continue to revolve and law firms, non-for profits, public interest, big law will all continue to need lawyers. There will be jobs so there's no reason to panic.
The question is will you take the job?