Quote:
Originally Posted by Penske 2.0
I hope so, cuz he's a fucking idiot or just a glaring example of how ignorant lawyers are of economics. $65K is the break even point for starting salaries??!? If they want to live in a van down by the river......maybe.....or are student loans dischargable in BK in his world?
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I think it's under the presumption that the alternative career path is a minimum wage job.
Even at median income as an alternative, I don't think $65k is break even for the lost wages for 2.75 years out of the workforce + borrowed living expenses, never mind tuition.
David's not a dumb guy, nor is he a typical prof who only worked at a firm for 2 years, max, but that is a dumb point even in the world of law review writing which (almost) encourages making dumb points. I'd blame it's use as a data point on the non-lawyer Stanford guy, but do consider the source--the outgoing dean of NWU, who's apparently trying to rationalize the tuition at NWU (I read that twice, as I first assumed seeing "NWU dean" and "$65k" was referring to the total cost of attendance at NWU).
