Showing posts with label New York Times. Show all posts
Showing posts with label New York Times. Show all posts

Friday, May 27, 2011

Sign of the Times

Apparently, there is a hot new trend among large law firms, to create a separate career track for newly hired attorneys whereby they do the same work as others, but are paid less than half the salary, usually bringing in somewhere between fifty and sixty-five thousand dollars annually. Could there be any clearer warning about the rapidly advancing death of the American middle class? If you graduated from law school ten years ago and secured employment at a high-level firm, you stood to easily make six figures. If you’re just graduating now, you absorb a greater debt burden, but your earning potential is drastically reduced as a matter of policy.