While it might not create a bubble or crash in the traditional sense, it will have detrimental effects on a lot of things, from luxury goods industries to homeowner rates and retirement ages.
More troubling than the rates of default are the reasons for them. The cost of education is exponentially higher than it used to be, along with overall cost of living. Salaries have not risen at a rate commensurate with those educational and living expenses. So until the cost of school comes down, we will continue having these issues.
I’m in the same boat right now with those 1L internships. The schools all focus on the big firm gigs because it makes the school look better, but then you talk the firms and they’re like “hmm, you aren’t in the top 5 and you don’t go to Harvard…. yeah that’s gonna be tough for us.”
Judicial internships can be great but some of us need to get paid.
While it might not create a bubble or crash in the traditional sense, it will have detrimental effects on a lot of things, from luxury goods industries to homeowner rates and retirement ages.
More troubling than the rates of default are the reasons for them. The cost of education is exponentially higher than it used to be, along with overall cost of living. Salaries have not risen at a rate commensurate with those educational and living expenses. So until the cost of school comes down, we will continue having these issues.
I’m in the same boat right now with those 1L internships. The schools all focus on the big firm gigs because it makes the school look better, but then you talk the firms and they’re like “hmm, you aren’t in the top 5 and you don’t go to Harvard…. yeah that’s gonna be tough for us.”
Judicial internships can be great but some of us need to get paid.
Great name for this column = Vino Ipsa Loquitur
Brojo is overrated. All hype.
Have you had Rita’s yet? Best breakfast taco in Texas