Megan McArdle At Bloomberg: ‘When Law Is No Longer A Safe Bet’

Full piece here.

‘Fighting your way into a good firm just buys you the right to fight desperately to stay there. Once unthinkable, mass layoffs happen regularly; and once those graduates are laid off, they have a hell of a time finding work. Did I mention that there are too many law school graduates for the available jobs?’

Many legal services can be provided online, many big firms have taken big hits, and naturally, in a field as competitive as the law, it trickles down.

Many people have gone into the academies for security (law and otherwise), but I suspect the signs of more supply and less demand have been showing for awhile, along with automation:  More low-paid adjuncts, stiffer competition for jobs, more and more rush to publish scholarship to make one’s self marketable, more Ivy League candidates hustling for jobs at more poorly-ranked schools.

Perhaps the rush to Washington D.C. and our universities is part of a similar process for many, seen as ports in a storm and a model that is no longer going to work for many people.

Addition:  And if you want to know how many people in our universities and institutions are going to handle these changes, look at old media.  Not very well, grudgingly at best.

The Disruption Of Education-From AVC: ‘Video Of The Week: Mark Suster Interview of Clayton Christensen’

Related On This SiteMegan McArdle At The Daily Beast: ‘The Absurd Lies Of College Admissions’Megan McArdle At The Daily Beast: ‘America’s New Mandarins’

Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest.  Technology is changing things rapidly, and maybe, as Charles Murray points out, it’s skewing the field toward high IQ positions while simultaneously getting rid of industrial, managerial, clerical, labor intensive office jobs.  Even so,  we can’t cling to the past.

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