Eugine_Nier comments on Open Thread February 25 - March 3 - Less Wrong
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Is this still true? Recently there have been reports about an oversupply of lawyers and scandals involving law schools fudging the statistics on the salaries of their graduates.
Salaries might be falling, but I doubt this is long term.
US law is a spectacularly bad choice at the moment. There is far to many law schools, and as a consequence, too many law graduates, the degree costs a fortune and employment prospects are outright bad. Do not do this.
Finance is an implicit bet that wallstreet will not get struck down by the wrath of the electorate just as you finish your education.
Honestly? If riches really is what you want, go into business for yourself. A startup, or at the low end just being a self-employed contractor has good returns and this is not likely to change. Programming, the trades, a good set of languages and an import-export business..
Well, as I understand it part of the issue is that a lot of the grunt work that used to require lots of lawyers to do, e.g., looking through piles of documents for relevant sections, can now be automated.
According to 80000 Hours, law is still one of the highest-earning careers.