Angus the English Bulldog knows to run away from student debt. (I love this photo!)
We let the other scambloggers respond to yesterday's NY Times' "news" that legal jobs are being outsourced to India. Angel and I are frankly too tired of being told "news" that we reported many times earlier this year. Just check out our list of links covering Indian outsourcing below:
Canary in the Legal Coal Mine: T14 Temp Jobs in India
Job Offers Galore in Bangalore
I'm Green With Envy
You Are Not Alone. England Suffers Tooooooooooooooooo!
I Borrowed This From Another Scamblogger
Stop Legal Outsourcing on Facebook. Join Now!
If things couldn't get worse, I came across the article, 7 Reasons To Go Back To School Now, at the San Francisco Chronicle website. Unless you are a rich retiree in the Bay area with nothing else to do with your millions other than go back to school, for goodness' sake do not listen to this type of advice. Just yesterday, Scammed Hard reported on another one of these types of articles on AOL that listed attorney/lawyer as the #2 job in their list of 10 jobs that paid $50 an hour. Are these writers simply clueless about the state of the nation or are they working for a loan company or for-profit website like Gina Pogol?
None of these articles mention a single thing about debt and the average amount of loans one must take out to get a graduate or professional degree. Do they realize that there aren't enough new jobs being created to match the thousands of new graduates each year or that Paul Krugman and serious journalists are worried about "Japanification" and a lost decade? Do you want to take the risk of taking out $150k in student loans when there aren't any jobs guaranteed by your school or our government when you graduate? A BIDER rule we use a lot here is to not buy things you can't afford because credit cards and student loans are akin to death. A $150k degree counts as something you can't afford without taking out loans for most people. Don't gamble with your future.
And shame on journalists who write shit like this.