Photo: Despotes on flickr
The U.S job market is in chaos and as a result, college grads are becoming victims of their societal circumstances.Desperation has allowed employers however to acquire highly educated workers for bottom barrel prices.
A recent article by CBS cites a Boston law firm that is flooded with applications for a position paying only $10,000 per year!
“The BBJ received an emailed tip this week from someone who says they’re an employed, Boston College Law School (BC Law) graduate. The tipster sent screen grabs of a job listing on BC Law’s career site. The post advertises a full-time associate position at a small Boston law firm, Gilbert & O’Bryan LLP, paying just $10,000 per year. (That’s $10K, it’s not a typo.)
Larry O’Bryan, one of the firm’s partners, said he’s received about 32 applications for the $10K per year job, since posting it one week ago. He said that while the pay is low, the lawyer who is eventually hired will gain valuable experience.
‘What we emphasise is that we do provide the opportunity for new associates to have their own case load right from the start,’ said O’Bryan.
Workers working full-time with four weeks’ vacation at Massachusetts’ minimum wage of $8 would be paid more than $15,000. At the federal minimum wage of $7.25, a worker would earn nearly $14,000 in a year. Maybe BC Law grads should take a look at a slide show published by Boston Business Journal earlier this month: 50 Boston jobs under $50K.
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