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Advocates for lower wages, lower for lawyers? The legal blogosphere is excited because Mark Greenbaum argued in the Los Angeles Times that too many new lawyers lowers the wages of lawyers. However, the argument of Mr. Greenbaum on misunderstandings of competition in the field of law is based.

In summary, Mr. Greenbaum argued that it can be too many new lawyers and the labor market is not supported. Instead of the law school again flooding the market, with lawyers, thereby driving wages press, should be removed from the American Bar Association, his power of certification due to irreconcilable conflicts of interest.

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“More space on the bench”

In arguing for a decrease in the number of new lawyers, “said Greenbaum:

“There are a finite number of jobs for lawyers and the steady stream of graduates only suppresses wages.”

In support of his position, Mr. Greenbaum reasons:

“From 2004 to 2008 the area of less than 1% per year has risen by an average of 735,000 people earn their living as guidance only 760,000, with the Bureau of Labor Statistics, provided that the field up the pace” in 2016 . Is taking into account the retirements, deaths, and the Office data before the recession, the number of new jobs likely to be less than 30,000 per year. It is much less than what is needed to cope with the 45,000 graduates of the Juris Doctors law schools in the United States each year. ”

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