Legal Sector Lost Another 1400 Jobs between July and August

(Applications Advice, Letters of Recommendation . . . )
NoJob
Posts: 237
Joined: Tue Jun 29, 2010 11:32 pm

Legal Sector Lost Another 1400 Jobs between July and August

Postby NoJob » Fri Sep 07, 2012 11:16 am

http://www.bls.gov/news.release/empsit.t17.htm

So, 0Ls why go six figures into non-dischargeable debt to join this supersaturated, contracting field?

User avatar
gaud
Posts: 5790
Joined: Sat Feb 05, 2011 2:58 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby gaud » Fri Sep 07, 2012 11:17 am

dat preftige

canarykb
Posts: 151
Joined: Tue Mar 20, 2012 11:56 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby canarykb » Fri Sep 07, 2012 11:33 am

Shouldn't this be in the RECESSION PANIC MEGAPOST?

User avatar
20130312
Posts: 3842
Joined: Wed Nov 09, 2011 8:53 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby 20130312 » Fri Sep 07, 2012 11:34 am

Because I'm not going into six figures of debt to do it.

User avatar
gaud
Posts: 5790
Joined: Sat Feb 05, 2011 2:58 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby gaud » Fri Sep 07, 2012 11:36 am

InGoodFaith wrote:Because I'm not going into six figures of debt to do it.


Don't tell him our secret

ETA: I like your new 'tar

User avatar
20130312
Posts: 3842
Joined: Wed Nov 09, 2011 8:53 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby 20130312 » Fri Sep 07, 2012 11:39 am

gaud wrote:
InGoodFaith wrote:Because I'm not going into six figures of debt to do it.


Don't tell him our secret

ETA: I like your new 'tar

Thanks brah.

OP, you can ignore what I said. It never happened.

zman
Posts: 500
Joined: Tue Jul 31, 2012 9:31 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby zman » Fri Sep 07, 2012 7:13 pm

Financial sector,goverment sector,health care sector and educational sector are sucking the country cry..

Here are the solutions.

1. Financial sector first.
Stop subsidizing wall street banks with cheap fed money and let them fail. That would free up trillions of dollars
2. Goverment sector.
neet to be cut to at least Clinton levels to the point where we can have a surplus and than we can cut taxes for lower class people and even rich people.
3. Health care sector = stop subsidising the health insurance industry!! separate employment from health care insurance. Doing those two would lead to a major collapse in costs. WE would buy health care insurance the same we buy car insurance.. For CHEAP.
4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.

Allow the interest to rise to its natural levels and allow deflation to occur everwhere(prices, wages)..

if we do this we will have a recovery.

User avatar
Mick Haller
Posts: 1258
Joined: Mon Mar 28, 2011 3:24 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby Mick Haller » Fri Sep 07, 2012 7:16 pm

zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.


is it that easy? wouldnt private lenders continue offering student loans, only at much higher interest rates to compensate for added risk?

User avatar
SuperCerealBrah
Posts: 244
Joined: Sun Jul 01, 2012 6:34 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby SuperCerealBrah » Fri Sep 07, 2012 7:29 pm

NoJob wrote:http://www.bls.gov/news.release/empsit.t17.htm

So, 0Ls why go six figures into non-dischargeable debt to join this supersaturated, contracting field?


It has been going back and forth for awhile every month. Last month, the legal sector added some jobs, then it lost them this month again. I won't be surprised if there is some weak growth next month again. This is not just the legal sector though. The entire economy is in this situation right now. We have been spinning our wheels for what seems like for fucking ever. Did you not see the job data today? This whole week people were talking about how Romneyites would be hoping for a weak 100,000 or so to make Obama look bad. Then, just yesterday, all the media outlets were talking about how, "ZOMG, it might actually be better than expected at 160,000"! And, today, we have officially 96,000 in August L.O.L Anytime I hear anybody expressing an opinion at this point, I just ignore it because I realize I am about to be doused in a bunch of verbal diarrhea.

http://www.americanlawyer.com/PubArticl ... 2570521518
Last edited by SuperCerealBrah on Fri Sep 07, 2012 7:42 pm, edited 1 time in total.

Voltaire_X
Posts: 19
Joined: Wed Aug 31, 2011 3:55 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby Voltaire_X » Fri Sep 07, 2012 7:31 pm

zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.



This is totally the wrong approach. Colleges need massive cost cutting. Given that everything taught at the undergrad. level can be learned for $1.50 in late fees at the public library, this shouldn't be too hard. Things like EdX have the right approach, but legitimate degrees need to be given. College shouldn't cost more than $1k a semester. Massive cuts to administration, among other things, could easily lower the cost of attendance. Automation is the future.

Also tuition money should not go into propping up sports programs and whatnot.

zman
Posts: 500
Joined: Tue Jul 31, 2012 9:31 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby zman » Fri Sep 07, 2012 7:40 pm

Mick Haller wrote:
zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.


is it that easy? wouldnt private lenders continue offering student loans, only at much higher interest rates to compensate for added risk?



No. Banks wouldn't lend to 22 year old kids with no collateral.. but they do with a goverment guarantee. You know banks are interested in getting paid. and also of course you have to let people default on their debt(that would really discourage banks from lending all this money to kids). there is no chance banks lend would this money to kids without a goverment guarantee. and of course higher interest rate would drive prices down, lower ones keep high.

User avatar
Mick Haller
Posts: 1258
Joined: Mon Mar 28, 2011 3:24 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby Mick Haller » Fri Sep 07, 2012 8:02 pm

zman wrote:No. Banks wouldn't lend to 22 year old kids with no collateral.. but they do with a goverment guarantee. You know banks are interested in getting paid. and also of course you have to let people default on their debt(that would really discourage banks from lending all this money to kids). there is no chance banks lend would this money to kids without a goverment guarantee. and of course higher interest rate would drive prices down, lower ones keep high.


I think you are mistaken. Lenders make unsecured loans all the time. Private student loans are not guaranteed by the federal government, it's just that they are not dischargeable in bankruptcy.

Lots of parents are already willing to co-sign on private loans, I'm sure there are plenty of them stupid enough to continue doing so into the future.

zman
Posts: 500
Joined: Tue Jul 31, 2012 9:31 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby zman » Fri Sep 07, 2012 8:19 pm

Voltaire_X wrote:
zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.



This is totally the wrong approach. Colleges need massive cost cutting. Given that everything taught at the undergrad. level can be learned for $1.50 in late fees at the public library, this shouldn't be too hard. Things like EdX have the right approach, but legitimate degrees need to be given. College shouldn't cost more than $1k a semester. Massive cuts to administration, among other things, could easily lower the cost of attendance. Automation is the future.

Also tuition money should not go into propping up sports programs and whatnot.


"College shouldn't cost more than $1k a semester"

They wouldn't if the policies I wrote above were put in.

User avatar
fatduck
Posts: 4186
Joined: Mon Sep 13, 2010 10:16 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby fatduck » Fri Sep 07, 2012 8:30 pm

LOL at this fucking thread

Voltaire_X
Posts: 19
Joined: Wed Aug 31, 2011 3:55 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby Voltaire_X » Fri Sep 07, 2012 8:33 pm

zman wrote:
Voltaire_X wrote:
zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.



This is totally the wrong approach. Colleges need massive cost cutting. Given that everything taught at the undergrad. level can be learned for $1.50 in late fees at the public library, this shouldn't be too hard. Things like EdX have the right approach, but legitimate degrees need to be given. College shouldn't cost more than $1k a semester. Massive cuts to administration, among other things, could easily lower the cost of attendance. Automation is the future.

Also tuition money should not go into propping up sports programs and whatnot.


"College shouldn't cost more than $1k a semester"

They wouldn't if the policies I wrote above were put in.



Yeah right. If anything it would just widen the gap between top privates and public schools. People would still pay $40k+ a year for the top privates.

zman
Posts: 500
Joined: Tue Jul 31, 2012 9:31 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby zman » Fri Sep 07, 2012 8:45 pm

Voltaire_X wrote:
zman wrote:
Voltaire_X wrote:
zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.



This is totally the wrong approach. Colleges need massive cost cutting. Given that everything taught at the undergrad. level can be learned for $1.50 in late fees at the public library, this shouldn't be too hard. Things like EdX have the right approach, but legitimate degrees need to be given. College shouldn't cost more than $1k a semester. Massive cuts to administration, among other things, could easily lower the cost of attendance. Automation is the future.

Also tuition money should not go into propping up sports programs and whatnot.


"College shouldn't cost more than $1k a semester"

They wouldn't if the policies I wrote above were put in.



Yeah right. If anything it would just widen the gap between top privates and public schools. People would still pay $40k+ a year for the top privates.


how?? With whose money?? There is no money to bid up college tutions with.

User avatar
fatduck
Posts: 4186
Joined: Mon Sep 13, 2010 10:16 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby fatduck » Fri Sep 07, 2012 8:46 pm

zman wrote:
Voltaire_X wrote:Yeah right. If anything it would just widen the gap between top privates and public schools. People would still pay $40k+ a year for the top privates.


how?? With whose money?? There is no money to bid up college tutions with.

i guess that explains why private high schools are so inexpensive.

zman
Posts: 500
Joined: Tue Jul 31, 2012 9:31 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby zman » Fri Sep 07, 2012 8:56 pm

fatduck wrote:
zman wrote:
Voltaire_X wrote:Yeah right. If anything it would just widen the gap between top privates and public schools. People would still pay $40k+ a year for the top privates.


how?? With whose money?? There is no money to bid up college tutions with.

i guess that explains why private high schools are so inexpensive.


they are expensive because the goverment is extending easy credit, the same reason housing prices were skyrocketing between 2001-2007. if there is no guaranteed loan, there is no money to bid up tutions with.

User avatar
fatduck
Posts: 4186
Joined: Mon Sep 13, 2010 10:16 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby fatduck » Fri Sep 07, 2012 9:01 pm

zman wrote:
fatduck wrote:
zman wrote:
Voltaire_X wrote:Yeah right. If anything it would just widen the gap between top privates and public schools. People would still pay $40k+ a year for the top privates.


how?? With whose money?? There is no money to bid up college tutions with.

i guess that explains why private high schools are so inexpensive.


they are expensive because the goverment is extending easy credit, the same reason housing prices were skyrocketing between 2001-2007. if there is no guaranteed loan, there is no money to bid up tutions with.

oh totally, when i send my kids to catholic school i'm putting that shit right on my obama credit card.

User avatar
SuperCerealBrah
Posts: 244
Joined: Sun Jul 01, 2012 6:34 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby SuperCerealBrah » Fri Sep 07, 2012 10:42 pm

zman wrote:
fatduck wrote:
zman wrote:
Voltaire_X wrote:Yeah right. If anything it would just widen the gap between top privates and public schools. People would still pay $40k+ a year for the top privates.


how?? With whose money?? There is no money to bid up college tutions with.

i guess that explains why private high schools are so inexpensive.


they are expensive because the goverment is extending easy credit, the same reason housing prices were skyrocketing between 2001-2007. if there is no guaranteed loan, there is no money to bid up tutions with.


LOL parents are not taking out government loans to send their kids to private high schools

User avatar
dowu
Posts: 8334
Joined: Wed Mar 28, 2012 9:47 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby dowu » Fri Sep 07, 2012 10:50 pm

SuperCerealBrah wrote:LOL parents are not taking out government loans to send their kids to private high schools


How can you be so sure? I bet some parents have done it.

pwyoung
Posts: 163
Joined: Fri Oct 15, 2010 2:19 am

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby pwyoung » Sat Sep 08, 2012 1:01 am

zman wrote:Financial sector,goverment sector,health care sector and educational sector are sucking the country cry..

Here are the solutions.

1. Financial sector first.
Stop subsidizing wall street banks with cheap fed money and let them fail. That would free up trillions of dollars
2. Goverment sector.
neet to be cut to at least Clinton levels to the point where we can have a surplus and than we can cut taxes for lower class people and even rich people.
3. Health care sector = stop subsidising the health insurance industry!! separate employment from health care insurance. Doing those two would lead to a major collapse in costs. WE would buy health care insurance the same we buy car insurance.. For CHEAP.
4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.

Allow the interest to rise to its natural levels and allow deflation to occur everwhere(prices, wages)..

if we do this we will have a recovery.


Entirety of this post brought to you by The Heritage Foundation.

User avatar
sunynp
Posts: 1899
Joined: Tue May 24, 2011 2:06 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby sunynp » Sat Sep 08, 2012 7:56 am

nmop_apisdn wrote:
SuperCerealBrah wrote:LOL parents are not taking out government loans to send their kids to private high schools


How can you be so sure? I bet some parents have done it.

You can't get government loans for private schools. However most schools have some version of a payment plan. The government doesn't make loans for high school.

BalanceCare
Posts: 126
Joined: Thu Feb 09, 2012 7:56 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby BalanceCare » Sat Sep 08, 2012 5:01 pm

SuperCerealBrah wrote:
NoJob wrote:http://www.bls.gov/news.release/empsit.t17.htm

So, 0Ls why go six figures into non-dischargeable debt to join this supersaturated, contracting field?


http://www.americanlawyer.com/PubArticl ... 2570521518



Pain LOL at the pop-up ad for e-discovery services i got when clicking on that link

User avatar
ColtsFan88
Posts: 1432
Joined: Thu Oct 13, 2011 5:05 pm

Re: Legal Sector Lost Another 1400 Jobs between July and August

Postby ColtsFan88 » Sat Sep 08, 2012 5:28 pm

Voltaire_X wrote:
zman wrote:4. Educational sector is easy. Abolish all subisidy, all pell grants, all Guranteed student loans(this is the main reason tution is so expensive) and tutions would collapse over night because without student loans NO ONE could affort to go. Trillions of dollars freed up.



This is totally the wrong approach. Colleges need massive cost cutting. Given that everything taught at the undergrad. level can be learned for $1.50 in late fees at the public library, this shouldn't be too hard. Things like EdX have the right approach, but legitimate degrees need to be given. College shouldn't cost more than $1k a semester. Massive cuts to administration, among other things, could easily lower the cost of attendance. Automation is the future.

Also tuition money should not go into propping up sports programs and whatnot.


This is THE TRUTH and not an exaggeration at all.

And not paraphrased from Good Will Hunting.




Return to “Law School Admissions Forum”

Who is online

Users browsing this forum: Christinabruin and 8 guests