Word: sectored
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...third-year student at Harvard Law School says she has an obligation to take the talent that God has given her to serve the poor. But because of the financial security offered by a job in the private sector, she says she feels a lot of pressure to join the corporate world...
Many students expecting to graduate from the Law School next spring hope to follow their ideals of ethical responsibility and public service, but the very real gaps in salary, stability and availability between public and private sector positions make such a decision extremely difficult...
...Robinson, the editor-in-chief of the National Law Journal in New York City, says the trend is a serious problem. "I believe law schools should put more emphasis on training law students for the public sector. Lawyers should remember it's their duty to make the legal profession as accessible as possible to all members of society and not just to the rich. More emphasis should be placed on law as a responsible profession than as a business...
According to Thompson, the major factor is the increasing gap in salaries. She says that graduates taking private sector jobs earn starting salaries of as much as $75,000 a year, while those in public service jobs start with as little...
...replaced with IOUs that must be paid. By the end of the third quarter, American firms had built up $1.4 trillion in debt. In the same period corporate debt has increased more than 10% annually. These big borrowings, moreover, are part of a trend that has seen almost every sector of the U.S. economy become a rapidly growing debtor. From the $200 billion federal budget deficit to the $530 billion in outstanding consumer credit, America has become a buy-now, pay-later nation...