[A. Pole]

A big problem is that too many American kids go into the liberal arts and wind up getting useless degrees like Black Lesbian Studies.

When you have to compete with Third World wages, the engineering degree might be as valuable as Black Lesbian Studies.

[Arjun]

The only way for the wage differential to reduce is the decline in the US dollar. Let the asian currencies appreciate 30% and then the whole outsourcing logic comes to a standstill. The dollar needs to depreciate fast even if that means some inflation. Alan greenspan isnt getting it though.