If America wants Chemical Companies and Engineering firms to compete (on a number basis) with China, graduates will have to work for $15,000 a year salary, and NO perks, No health care, No company car, No 401k, No 6 week paid vacation etc.
I read recently where Microsoft stated that Indian Engineers were good at structure, but were unimaginative, and were not able to "think outside of the box". For this reason, most of their real R&D is still located in Redmund.
LLS
This is true for many other industries as well. The world's pharmaceutical industry has the vast majority of their R&D facilities located within the U.S.. Some of this is due to the tax issues but most of the reason is because this is the best place for R&D driven industries to locate. They partner with our university systems, which are still the best in the world, and test within our health-care system which is also the best in the world.
For countries like India and China to create the infrastructure necessary to support this type of R&D will require many, many years and a lot of luck. JMO, they will never develop the required infrastructure in Chemistry, Physics and instrument analysis to challenge our leadership.
Add our dominance in entrepreneurial ability to the equation and I think this article is much more alarmist than it needs to be.
"I read recently where Microsoft stated that Indian Engineers were good at structure, but were unimaginative, and were not able to "think outside of the box". For this reason, most of their real R&D is still located in Redmund. "
And in redmond a third of their employees is Indian. So the "Indians cant think outside the box" argument doesnt hold water. Plus most of the jobs created in the US economy dont need genius level folks anyway. They are fairly pedestrian jobs.
"I read recently where Microsoft stated that Indian Engineers were good at structure, but were unimaginative, and were not able to "think outside of the box". For this reason, most of their real R&D is still located in Redmund."
Maybe they should pay a little more attantion to their coders who DO infact think "inside the box"...they might just produce a decent OS.