Why Johnny Can't Pay His Student Loans
By tovarichpeter Follow Tue, 1 May 2012, 9:34am 645 views 3 comments
In South San Francisco CA 94080
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The conclusion of the author is horseshit.
Good students don't go into engineering any more, because they know they are a disposable outsource-able cog. If they struggle through engineering they'll get a low-paying starter job if they are lucky. Then in the first downturn they'll be laid off or required to train their H1B replacement.
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Vicente says
Brilliant thinking, perhaps they should study Maya Angelou's poetry instead? Screw engineering, government needs more political commissars.
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Vicente says
Exactly. Right on the money.
All you have to do is look at engineering majors from 1980 to 2010. As soon as software engineering was outsourced to Chindia, CS majors plummeted. As other engineering industries followed, so did declining enrollment in the corresponding majors.
College students may be drunken idiots, but they aren't stupid. They aren't going to spend an enormous amount of time, money, and effort breaking into a field that is actively trying to move all labor to third-world slave shops.
College student look at markets when deciding their majors. And all college students from any decade want the exact same thing: a career in a field that will provide a good income and job security. This doesn't vary from generation to generation.
If you fuck over the people in a field, people stop entering that field. In the case of engineering, this causes a brain drain that ultimately destroys the economy. America's economy is going to slide down into a far less productive mode just like Europe's did after the fall of Rome, and then it will languish there for a century or more.
The real economic powerhouses will be those that develop their human capital and apply that towards high tech industries. Those countries will make the 21st century look as far more advanced as the 20th century looked to the 18th century. We're only at the beginning of the great technology revolution.