I remember reading years ago that when a society – like the U.S. - produces more lawyers than engineers, then we’ve stopped being productive and entrepreneurial and entered into the cannibalistic phase just before cultural demise.
This article though, takes the opinion that the rise in the number of lawyers is a reflection of the lack of confidence in the economy. In other words, when times are good, people don’t have to resort to lawyering to make a living.
My due apologies to those ethical attorneys.
Nationally, the number of applicants to law schools dropped by 4.6 percent last year compared to 2004 and was down by 9.5 percent so far in 2006…
“When the economy is not good and there are fewer jobs, people go to graduate schools. When the economy is strong and there are more jobs, people decide to work before they go to grad school.”