Jump to content



Photo

Competition to the US' tech leadership


  • Please log in to reply
9 replies to this topic

#1 arbman

arbman

    Quant

  • Traders-Talk User
  • 19,504 posts

Posted 09 September 2007 - 09:09 AM

This should generally make the current and future holders of the US engineering jobs quite worried...

http://traumwerk.sta...eid=204962&.jpg


If the image does not work, the link was here.



#2 traderpaul

traderpaul

    Member

  • Traders-Talk User
  • 6,034 posts

Posted 09 September 2007 - 09:35 AM

Kisa, The data is four years old......Any new data?.....Yes, Lots of companies are setting research centers in China, India and Russia.....The only jobs left are service jobs.....It is very hard to keep trade secrets if everything is made overseas......Stuff is designed in USA but made in China....How long does it take to designed and made in China???.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#3 traderpaul

traderpaul

    Member

  • Traders-Talk User
  • 6,034 posts

Posted 09 September 2007 - 09:52 AM

More detailed information on this subject. http://www.cggc.duke.edu/pdfs/Duke_Conversation_20070208.pdf
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#4 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,025 posts

Posted 09 September 2007 - 10:46 AM

Didn't I read someplace that this data is horrifically flawed. I.e. the Chinese call a person with the equivalent of a Junior College degree, an "engineer".

Essentially it's "credential inflation" over there and they've dumbed down the meaning to make it look like their better educated than they are.

Mark

From the Washington Post:

In fact, about half of what China calls "engineers" would be called "technicians" at best in the United States, with the equivalent of a vocational certificate or an associate degree. In addition, the McKinsey study of nine occupations, including engineering, concluded that "fewer than 10 percent of Chinese job candidates, on average, would be suitable for work [in a multinational company] in the nine occupations we studied."

After an exhaustive study, researchers at Duke University also pummeled the numbers. In a December 2005 analysis, "Framing the Engineering Outsourcing Debate," they reported that the United States annually produces 137,437 engineers with at least a bachelor's degree while India produces 112,000 and China 351,537. That's more U.S. degrees per million residents than in either other nation.

Among major media outlets, thus far only the Christian Science Monitor has joined the Wall Street Journal in examining the competing statistics. (A few others have referenced the Duke study). In a December 2005 article, the Monitor quoted Rochester Institute of Technology professor Ron Hira as saying: "Business groups have been very smart about trying to change the subject from outsourcing and offshoring to the supposed shortfall of U.S. engineers. There's really no serious shortage of engineers." Yet, while the National Academies replaced the erroneous numbers with the numbers from Duke, Stine stood by her original conclusion, telling the Monitor that "the U.S. is well behind other countries."

Statistics that end up as conventional wisdom even when they're wrong usually become popular by being presented as fact in a highly visible and respected source -- such as a cover story in Fortune or a National Academies report.


Google rocks. ;)

Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#5 arbman

arbman

    Quant

  • Traders-Talk User
  • 19,504 posts

Posted 09 September 2007 - 11:15 AM

Compared to the size of their populations, they have a long way to go, but it must be clear that the US does not have any time to waste with "the intelligent design"...

#6 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,025 posts

Posted 09 September 2007 - 11:32 AM

Compared to the size of their populations, they have a long way to go, but it must be clear that the US does not have any time to waste with "the intelligent design"...


THAT, I grant you whole heartedly.

The scientific ignorance in this country, relative to the per capita spending on education is criminal. And I mean criminal. It's intellectual fraud and fiscal misappropriation.

In the city of Cincinnati, they spend something like $8500/per head and pack those class rooms, despite shrinking enrollment. That's $190000/classroom for just 9 months. In this town, I think that the average teachers salary is just shy of $50k/9 months plus some, which is fine money for out here. Where's that money going? Not into educating anyone, I can tell you, if the results are any measure.

Mark

Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#7 pivot

pivot

    Member

  • Traders-Talk User
  • 38 posts

Posted 09 September 2007 - 06:01 PM

In general, motivation of young people for education in this country has grown abysmal (imo). I think it's part culture and part parents of the current generations raising the young. I've hired two people into our IT team at Wahovia in the last 6 months and i had to wade thru 15 interviews to find one traditional educated American (ie. most were foreign nationals).

#8 cgnx

cgnx

    Member

  • Traders-Talk User
  • 2,103 posts

Posted 09 September 2007 - 08:21 PM

Thats what happens when your kids grow up rich and not hungry. I'm not saying its a bad thing. Our American kids are out having fun. Good for them, life is short. Play while you can. That school stuff is not fun and waaaaay overated. If we need an engineer or some smart guy for something we can pay for them. Us Americans are loaded. It's the poor people who have to go to school and get educated so that the rich folks can make use of them. Otherwise they stay poor. Unless that poor guy has muscle then they can be used for hard labor. Makes sense to me anyway.
If it can be cornered, it will.

#9 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 9,528 posts

Posted 09 September 2007 - 10:41 PM

Thats what happens when your kids grow up rich and not hungry. I'm not saying its a bad thing. Our American kids are out having fun. Good for them, life is short. Play while you can. That school stuff is not fun and waaaaay overated. If we need an engineer or some smart guy for something we can pay for them. Us Americans are loaded. It's the poor people who have to go to school and get educated so that the rich folks can make use of them. Otherwise they stay poor. Unless that poor guy has muscle then they can be used for hard labor. Makes sense to me anyway.


The middle class in US is lagging in earnings compared to the rich class. Some of it
is because of exactly as you put it "they are out having a good time". That IMO does
not bode well for the majority of our youngsters. Most of these youth do not have
rich enough parents to go hire a good engineer or any such smart guy. I have two
teenagers and I see how the school kids spend their time. And our school is one of
the better public schools in Washington state.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 cgnx

cgnx

    Member

  • Traders-Talk User
  • 2,103 posts

Posted 10 September 2007 - 03:42 PM

Alot of those so called middle class have folks cutting their lawns and cleaning their houses. We are alot richer than you think. If your a middle class American you are very rich. Maybe no class, but rich monetarily.
If it can be cornered, it will.