oftwominds-Charles Hugh Smith: How Many Law Schools Need to Close? Plenty

Charles Hugh Smith: How Many Law Schools Need to Close? Plenty

The only solution for the surplus of workers with law degrees is a massive, permanent reduction in the issuance of new law graduates.

America is in the opening stages of a massive surplus of over-credentialed workers. The default setting for 50 years has been: if you want a secure upper-middle class salary, get a law degree, MBA, PhD or other graduate-level professional degree.

The massive surplus is now apparent in J.D.s (law degrees) and PhDs. The writing is already on the wall: there aren't enough jobs for law school graduates, and this scarcity of high-paying legal jobs will only increase going forward. These two articles provide the context:

The tech start-up planning to shake up the legal world (via Lew G.)

An Expensive Law Degree, and No Place to Use It (via Joel M.)

The only solution for the surplus of workers with law degrees is a massive, permanent reduction in the issuance of new law graduates. The only way to achieve this result is for a significant percentage of law schools to close their doors.

Cont.....