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US: Dark side of employment
  • U.S. News & World Report publishes a widely anticipated ranking of undergraduate as well as graduate schools. I recall how closely my peers scrutinized these rankings back when I was a high school senior and, apparently, a similar obsession continues to this day.

    In fact, law schools are so consumed with performing well in these rankings that they are going to outrageous lengths to make it look like their students are performing better financially after graduation than they actually are. One of the most ridiculous ways they achieve this is by paying the salaries of their graduates upon graduation. This way, students can take on employment at non-profits and government agencies, positions they would never otherwise consider in light of their mountains of student debt. In return, their alma maters can pretend their graduates got real jobs. It is the academic equivalent of GM automobile channel stuffing.

    The 2014 table, announced on March 11th, shows that the University of Virginia (UVA) and George Washington University (GW) do especially well on this. Although UVA’s law students are only in ninth place for their scores in standard admission tests, 97.5% of the class of 2012 had a job on graduating—the best mark in the country. At GW the discrepancy was even more striking: its 85% graduate-employment rate ranked ninth, whereas its admission-test scores were 21st.

    However, the two schools’ performance is not as stellar as it seems. A close look at the online employment database of the American Bar Association reveals that GW and UVA are among the leaders in a striking trend: law schools paying the salaries of their alumni when they go to work in legal firms, non-profits or the government. GW paid the starting salaries of a whopping 22% of its 2012 graduates; at 15%, UVA was not far behind.

    http://www.economist.com/news/business/21599037-some-american-law-schools-are-paying-many-their-graduates-salaries-price-success

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  • Interesting Scam. I have friends that went to law schools ranked higher than GW and UV. These schools are impossibly hard to get admitted to. But these guys do indeed struggle after graduation if they lack political skills and connections. Also, lots of legal work is outsourced to India or done by paralegals. Unless one can get into Yale, better off going into a nursing program.

  • But these guys do indeed struggle after graduation

    Struggle is related to available energy resources, as size of unproductive parasite part is proportional to available free energy and resources. As this volume go down problem arise in this part.