It is though, kind of. It comes down to supply and demand economics -- and the perceived difficulty of the job. People hire lawyers because they don't want to become one themselves. Lawyer wages come down when there is a glut of lawyers and not a corresponding glut of lawyer work.
I'm old enough to remember working in 2001 when the software market contracted. It was very hard to get a job, even for skilled developers because hardly anybody was hiring. It sucked. It also temporarily removed software developers who were just in it for the money -- they literally switched careers to something else.
Incidentally my salary is now higher than it ever has been -- so the market clearly recovered, it just took a few years.
It is though, kind of. It comes down to supply and demand economics -- and the perceived difficulty of the job. People hire lawyers because they don't want to become one themselves. Lawyer wages come down when there is a glut of lawyers and not a corresponding glut of lawyer work.
I'm old enough to remember working in 2001 when the software market contracted. It was very hard to get a job, even for skilled developers because hardly anybody was hiring. It sucked. It also temporarily removed software developers who were just in it for the money -- they literally switched careers to something else.
Incidentally my salary is now higher than it ever has been -- so the market clearly recovered, it just took a few years.