justonemoregame wrote:A law degree is worth more today, lolok
Whatever tense you prefer, the idea that "the market" is fixing itself is absurd. People jump to credit scamblogs/negative media for declining enrollments and forget that more people applied to law school than anytime in history just two years ago. The declines could be a natural fluctuation, and next year's applicant pool could be equal to or greater than this year's.
And regardless, many schools could lower their admission standards to retain class size, as they have already done this cycle. All while spiking tuition. There is no organic fix, fixing, or will fix. As long as there are 22 year olds with access to infinite loans, there will be 22 year olds signing for them.
Yes, a law degree is worth more in 2012 than 2011. That, I am almost sure of.
Lol, a market fixing itself is absurd? You can't be serious.
Sure, we have this very logical explanation as to why the number of people applying has decreased once the knowledge of the value of a law school fell had gained widespread traction, or it can all just be "a natural fluctuation".
Now, I would initially agree with you in that a market fixing itself in this manner would be classified as a natural fluctuation because a market fixing itself would be regarded as a natural process and thus this is a natural fluctuation but I think you literally mean it's a complete chance. LOL, wtf is this?
Smaller class sizes, less people applying, etc etc: That is a fix. It's all a fix. It's the market at work. ALL of it is working towards fixing this market. Seriously, I am at a loss for how any rational person can argue against this.
Having access to money isn't what regulates a market. Rational consumers is what regulates a market. Seriously, economics 101, IE: common sense101.
If you believe 22 year olds with access to a loan they know they have to payback regardless of almost any situation, are irrational? then you may have a point.