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What do they pay a mid-career biomed technician? What do they pay a mid-career PhD biochemist with a solid track record of pharmaceutical development? What do they pay the MBA's/JDs in their finance, marketing and government relations departments?

I think they will discover that they have incentivized their own personnel problems.

“I think they will discover that they have incentivized their own personnel problems.”

I agree. Further, the type of ‘reform’ that Obama wants to force on health care will lead to a reduction in incentive for drug development in the US, and commensurately the incentive to pursue careers in science will also diminish.

We shouldn't be looking for ways to convince people to live overseas. We should be looking for ways to kick the rear ends of these other countries economically. Of course, at the same time that we need more incentive in our system to encourage risk taking and hard work, the Obama administration and his liberal fans are taking away incentive by punishing the successful.

And liberals think they are smart. Go figure.

What do they pay a mid-career biomed technician? What do they pay a mid-career PhD biochemist with a solid track record of pharmaceutical development? What do they pay the MBA's/JDs in their finance, marketing and government relations departments? I think they will discover that they have incentivized their own personnel problems.

You NAILED it! An absolutely brilliant statement. I see this first hand. In the United States the fastest way to economic mediocrity is a Engineering or Science degree. Yes you will be able to get a job but you will level off in pay after a period of time unless you go into management.

I have two engineering degrees from a excellent University and I've seen people who sell real estate make a lot more money than me. I know people I use to help with their math in school make 2-3X more money in banking, finance, marketing, etc. So you are right. Corporations want technical workers with advanced degrees who will work 60 hours a week. They want to pay them low wages. They want to keep them in mid level jobs and then after 20 years of so, they want to replace them with new people.

If corporations want more engineers and scientists, they they should reward these professions, and then there won't be a problem with supply.