offshoring of tech jobs is causing this. who wants to go to college for an engineering degree, to compete with $30K per year workers in India and China. You need to look no further then this, to find out why this is happening.
All of my engineer friends with children - are piling their kids into law school.
50 - "All of my engineer friends with children - are piling their kids into law school."
That's thanks to Eno_, shipping our engineering jobs to china and india.
We already have way too many lawyers now, and so pretty soon no more middle class.
Yup. I personally went to school with a guy with a PhD
from the top Chem Eng. school in the US, studying under
a Regents' Professor. After about 3 years, his job
was outsourced to India (GE stands for "Greedy Executives"). And I know other PhD's from
the same school who are teaching _High School_ rather
than anything lucrative.
One of the problems is the "publish or perish" system
for tenure at Universities requires up-and-coming professors to stuff the pipelines with cheap labor so
they can pad their resumes with enough papers. Then when
the students get out, they are suprised that the big wide
world isn't open for them!
The problem isn't so much with the outsourcing, or the
foreign students, it is the absurdity of the LIES used
to justify the practice.
E.g. in the IT world, one of the trade magazines (E-week,
or some such) quoted someone from Microsoft as ordering
his managers to "Think India! Two for the price of one!"
This was last summer when Microsoft had virtually NO DEBT
and $60 BILLION in CASH.
Exercise for the interested reader: Assume Microsoft
saves $40k per year per outsourced position. With their
$60 BILLION in cash, and assuming an interest rate of 3%
(actually somewhat lower than the T-bill, "risk-free" rate
of return), then:
Just on the interest on the cash, how many outsourced positions could be kept in the US?
--without affecting principal, and without affecting
cash flow from continuing operations.
--but Microsoft implies it will "go out of business" if
it does not outsource. Even Monica Lewinsky wouldn't
swallow that.
Historically, Cultures have "Advanced & Prospered" "By Means of" the Technological Advantages a Given Culture has over it's "Adversaries!"
If India, China, Japan, S. Korea become More "Technologically Literate" than us,--WE LOSE.
We are NOW in a "Technology Race;" our Very Civilization is Dependant upon our ability to "Keep Up!!"
The Education of our Children is CRITICAL; If we CANNOT Maintain our Population at a Level of Understanding commensurate with the Current & Expanding Extent of Information, we will Rapidly "Fall Behind," & Become a "Second Class Culture" DESPITE our Military Power.
The LEVEL of EDUCATION--ESPECIALLY in Mathematics & Science--DICTATES the "Success of" our Society!!
"Knowlege is Power!!"
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