[A. Pole]

For the cost of one chemist or one engineer in the United States, a company can hire about five chemists in China or 11 engineers in India.

Last year chemical companies shuttered 70 facilities in the United States and have tagged 40 more for closure. Of 120 chemical plants being built around the world with price tags of $1 billion or more, one is in the United States and 50 are in China
[...]
Last year more than 600,000 engineers graduated from institutions of higher education in China. In India, the figure was 350,000. In America, it was about 70,000.
[...]
Without a major push to strengthen the foundations of America's competitiveness, the United States could soon lose its privileged position.

Why young American students should pay tens of thousands BORROWED dollars and waste several years and be expected to work "five" or "11" times harder or be be paid "five" or "11" less. Then after age forty to be on the street being told "why did not start your own business?".

The ultimate goal is to create new, high-quality jobs for all citizens by developing new industries that stem from the ideas of exceptional scientists and engineers.

Why these "new industries" should start in USA if building them in China/India is cheaper?

[Alberta's Child]

My solution to this "problem" is a far cry from what this idiotic panel is recommending, and I'm extremely disappointed to see someone like the CEO of Lockheed-Martin on board with these recommendations. Some of these things are the kind of "solutions" I would expect from a Marxist think tank, not a leading industrial CEO.

[Lunatic Fringe]

It won't always be cheaper in China and India... Their wages will rise as demand for labor increases. In the end, market supply and demand will reach equilibrium.