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Author Topic: 2011 Employment Prospects worst in 18 Years  (Read 2747 times)

jack24

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Re: 2011 Employment Prospects worst in 18 Years
« Reply #20 on: September 13, 2012, 03:50:25 PM »
We live in difficult times and not everyone is lucky enough to find a job they would enjoy. Unemployment is high everywhere, not only in the law field.

This is a common argument, but I think it's terrible. The investment to legal education, particularly for T3 and T4 grads, is incredibly high.  The bad thing about law is that for some reason, that barrier to entry is not enough to deal with the oversupply of legal graduates.  Not only is unemployment high, but salaries are very low.
  So yes, while there are other fields which have poor prospects, their up front investment is not as significant.   Pharmacy, Optometry, Dental, M.D., MBA, CPA, and Medical assistant positions all have similar or lower investment costs with better prospects and equal or higher starting salaries.

cooley3L

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Re: 2011 Employment Prospects worst in 18 Years
« Reply #21 on: September 13, 2012, 11:15:56 PM »
We live in difficult times and not everyone is lucky enough to find a job they would enjoy. Unemployment is high everywhere, not only in the law field.

This is a common argument, but I think it's terrible. The investment to legal education, particularly for T3 and T4 grads, is incredibly high.  The bad thing about law is that for some reason, that barrier to entry is not enough to deal with the oversupply of legal graduates.  Not only is unemployment high, but salaries are very low.
  So yes, while there are other fields which have poor prospects, their up front investment is not as significant.   Pharmacy, Optometry, Dental, M.D., MBA, CPA, and Medical assistant positions all have similar or lower investment costs with better prospects and equal or higher starting salaries.
Most people aren't chosing between law school or med school. So for most, it is a non-starter to make that comparison.
For most, it is JD or a non post BA career. Those careers tend to have MUCH   higher unemployment levels.
I agree that people with Grad Degrees in general tend to better than those without though.

All that being said, Judging future job prospects on current employment levels is an odd gambit. Those numbers tend to change, plus once you have any experience at all the percent you make above other (nonmedical) jobs with equal experience tends to go up drastically.

If you want to be a lawyer be one. If you are doing any job "just for the money" and "don't want it to be hard" then you should pick another job.

People shoudl ask themselves not just what the cons to being a lawyer might be, but what the best case scenario to what they realistically would be doing as the alternative. For many, the worst case scenario as a lawyer will still beat the best case scenario as their realistic alternative.