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147 comments on So they all knew it was a bubble, now?

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bruce from chicago on August 18, 2007 - 9:27pm Permalink | Subthread | Parent | Comments top

I had a friend in law school whose brother graduated from Notre Dame with a an engineering degree and high honors. Could not find a job. Wound up going to DePaul law school.

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step back on August 18, 2007 - 9:33pm Permalink | Subthread | Parent | Comments top

Problem is ... everybody is going to law school.

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bruce from chicago on August 18, 2007 - 9:40pm Permalink | Subthread | Parent | Comments top

There are WAY too many lawyers. It is a pretty sad commentary on our society that everything has to be settled by litigation or incarceration.

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step back on August 19, 2007 - 7:42am Permalink | Subthread | Parent | Comments top

Better that than settling everything the old fashion way ... by uncivil action, such as by a duel to the death.

But my point was not that. Rather; when they "all" graduate from law school, who is going to be their client? There won't be anybody else left.

While it is true that a single lawyer in a small town starves while two do well, the curve doesn't keep going that way. If the whole town is filled with nothing but lawyers, they're all unemployed.

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bruce from chicago on August 19, 2007 - 9:18am Permalink | Subthread | Parent | Comments top

Milton Friedman made the observation years ago that our economy was heading towards a unsustainable service economy where there would be two insurance salesman facing each other at a table and trying to sell each other insurance.

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step back on August 19, 2007 - 11:49am Permalink | Subthread | Parent | Comments top

Bruce,

My records show it is time for us to meet and reassess your current insurance policy. We have many novel packages that will match with your evolving needs. We have a new post-peak plan called Catchusifucan which is ideally suited for your demographic.

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bwking on August 19, 2007 - 6:31pm Permalink | Subthread | Parent | Comments top

"If the whole town is filled with nothing but lawyers, they're all unemployed."

That would be..... Buffalo, NY.

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WNC Observer on August 20, 2007 - 6:16pm Permalink | Subthread | Parent | Comments top

Well, as they say, a town that cannot support one lawyer can always support two.

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billp on August 18, 2007 - 10:28pm Permalink | Subthread | Parent | Comments top

We're trying to do something about the lawyer problem.

http://www.prosefights.org/nmlegal/nsalawsuit/nsalawsuit.htm#reportrespo...

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