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January 20, 2009

You tell her, Sarge

Via Division of Labor, here's a letter to the editor of the Wall Street Journal that ran in early December.

In the article "A Bachelor's in Borrowing" (Personal Journal, Nov. 25), Elina Agnoli, a recent law-school graduate, says: "People have this notion of law-school graduates getting $150,000 right off the bat. But that's not the reality for the law grad in 2008. I've got friends waitressing with J.D.s . There's something wrong with that scenario."

Someone should inform the lamentable Ms. Agnoli that, despite her attempts to cloak herself in the victim's mantle, there is absolutely nothing wrong with that scenario. Even granting that America has, arguably, the strongest rule of law in the world, we still have far too many attorneys, concerned with far too much rent-seeking. By any measure -- per capita, per dollar of gross domestic product, per square foot -- we have more lawyers than any country in the world, so we may not pay any additional, freshly minted ones a very good wage. Had the feckless Ms. Agnoli gotten a degree in economics, she would understand that concept.

Sgt. Peter Cook
Forward Operating Base Falcon

Posted by joke du jour at January 20, 2009 09:32 PM

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