Well, the pressure is clearly on, which can only be a good thing. Yet another resounding defense of the legal education industry, and boy, does the lady doth protest too much, lemme tell ya:
Counterarguments to these assertions abound within the scam-blog community, and they have been discussed here and in many other places. One of my long-standing favorite half-truths is the assertion that average salaries for law grads are $125k. While that can be technically true, the average tells you nothing about the standard deviation or distrubution of salaries. What confidence interval are we talking about? One sigma? One-quarter sigma? We all know about the bi-modal distrubution of legal salaries (see, for example, here). Looking at that chart, the average could indeed be around $125k, but damn few people actually make that (2% according to NALP in 2008, and boy, oh boy, did the economy only improve from there). Oh looky, 50% of grads make under $72k (the median), and a select chunk of well-connected people make $170k. That's about an average of $125k! See?!?
Who said lawyers were bad at math? All technically true, precise...and heavily misleading. Thanks, you bastions (bastards?) of ethics. $50k salaries could be ok, but for the total cost of law school. To turn a phrase, the tuition is too damn high, let alone the additional incidental costs to attend. It's pretty easy to run up a $150k bill after three years.
Anyway, the defenders of the law school cartel always like to go on about how entitled grads are, how they have to think long-term, that education is an investment, that grads should be pursuing justice and liberty as opposed to filthy lucre, etc. etc. etc. One thing I've never seen a clear answer to: why are (Boomer) Deans, Law Professors, and other Administrators "entitled" to handsome six-figure salaries? Why are lol skools "entitled" to be revenue-drivers for the rest of the University? They all acknowledge that student debt is a problem, and student tuition is directly proportional to salaries and "special projects". But funny, ever-increasing tuition at rates several times that of inflation is as sacrosanct as Norquist's no-tax-increase pledge. It is a given, and is never to be questioned.
The real question is: "Law School is Worth It" - but for whom, exactly?
One thing is clear. Fish gotta swim. Birds gotta fly. Shills gotta shill.