Posted on 09/15/2014 3:26:55 PM PDT by SeekAndFind
[SNIP]
All of which brings us to the latest popular lament among pundits, politicians, and even some in the business world: the perceived lack of engineers and/or ‘STEM’ (science, technology, engineering, and mathematics) graduates. President Obama has said “We need more engineers,” so has Hillary Clinton, and then Lockheed Martin executive Stephanie Hill recently stated that “we’ll lose” if we don’t produce at least 1 million more ‘STEM’ grads.
About all the handwringing, readers can relax. Indeed, there’s nothing to this story or alleged shortage. Price signals work. They always do, and they do because one of the underlying purposes of markets is to fulfill unmet needs. We don’t need government or deep-thinking policy types to fix what is not a problem. The free markets already are as evidenced by the higher pay that engineers and other technical types can command in the marketplace.
Assuming the higher pay doesn’t cause more individuals to migrate toward STEM disciplines, that will merely serve as a signal for companies to apportion even more in the way of funds to the hiring of those who do. If market forces can turn million dollar computers into commodities that can be had for a few hundred, it’s very apparent that they can solve any presumed dearth of technical laborers. Important here is that innovations divined by the very engineers seen as too short in supply are rapidly negating the need for local talent as is.
Indeed, while Lockheed Martin’s Hill says “we’ll lose” if we don’t produce more STEM grads, companies like oDesk are rendering this imagined shortfall irrelevant. That’s the case because oDesk matches businesses around the world with engineers and computer programmers from around the world.
(Excerpt) Read more at forbes.com ...
CEO's of tech companies are making a factor of a thousand times as much money as their engineers, researchers and technical designers. Does a board of directors really think the company is better off with one Wall Street guy than a thousand engineers?
The push for H1B visas is about nothing more or less than creating millions of new cubicle slaves, both foreign [because they can't go anywhere else] and domestic [because if they squawk, they'll be replaced by cut-rate third-worlders.] H1B is a lose-lose proposition for everyone but the fattest of the fat cats.
I can’t even get that!
Art + Science + Math
PFM
Pure ****ing Magic LOL
Third world wages and don’t forget the employers massive tax savings when using foreigners. The tax savings are what is keeping businesses in the democrap camp. Our own government is the worst offender. I go to the VA clinic once a year, lucky to get a specialist made in America.
This is just crony capitalism.
Hi. Speak for yourself.
May I ask? What is a power engineer? I am trying to help my son find a good career.. I told him mechanic or electrician.
Amen !
I worked in an engineering environment for years where there were so many “bean counters” you could not get 10C ink pen from the company.
Jeez you gotta go beg Digi Key for parts for prototypes.
Sure miss all that now...
Power engineering is the field within electrical engineering that deals with power distribution. These days EE are turning out a lot of computer engineers yet the old power crowd is dying out.
bump
For all you Engineering types...
The Hot/Crazy Matrix...
https://www.facebook.com/video.php?v=10152167491547624&fref=nf
Utility power. Your computer is plugged in to that power. Mechanical, Electrical and yes, Civil Engineers. It is not glamorous, but always in demand. You, I and everyone else wants the lights (and our computers) to stay on.
RE: I saw an east technicians job the other week.
It was $15 hour and they wanted a BEE.
Chances are they already have someone in mind for that job and are ready to hire him. And that someone is more likely from India or China or the Philippines where $15/hour is a lot of money back home.
They are simply advertising this to meet DOL requirements. Don;t bother applying if you’re a citizen. You won;t get hired.
Hell no I did not apply!
What a farking joke!
It was on Indeed.com
Totally FReepin’ bump.
I shared that with the structural P.E. in my office about a month back... he liked it so much he screencaptured the final chart and printed a permanent copy to hang on his wall.
I see jobs listed for a year or more (at Halliburton and others) yet they never call me in for an interview. Then there are the companies that want to pay under $30k a year for degreed experienced professionals.
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