Changing education and career landscapes
- A law school education is 3 to 5 times more expensive than 30 years ago. Average student debt: $200,000
- Fewer high-paying jobs available at large law firms
- Fewer full-time legal jobs currently available (developing trend)
Canceling Student-Loan Debt Is a Bad Idea. (The Wall Street Journal, 4/30/2019)
(iPhone screenshots, arrows added)
But the WSJ editorial board prefers to blame the victims.
From the Student Debt Planner article: If you’re a law school grad, you may be wondering will you ever be able to pay off your law school debt. Loan repayment options are confusing and poor guidance from advisors and some loan servicers can cost lawyers a lot of money paying back their student loans.
According to Merriam-Webster, the first known use of 'snark', the above editorial providing a clear illustration, occurred in 1999.
Other coinages from the same year include:
- dark energy
- Generation Z