Skyline of Richmond, Virginia

U.S. Study: No Lack of American Engineers (Editor’s note: Plenty of Corporate Greed and a Definite Lack of Patriotism by Corporations)

11.29.07

A new study argues that the offshoring of U.S. jobs is caused by cost savings and not a shortage of U.S. engineers or better education in China. However, the study warns that the United States is losing its global edge.

A commonly heard defense in the arguments that surround U.S. companies that offshore high-tech and engineering jobs is that the U.S. math and science education system is not producing a sufficient number of engineers to fill a corporation’s needs.

However, a new study from Duke University calls this argument bunk, stating that there is no shortage of engineers in the United States, and that offshoring is all about cost savings.

This report, entitled “Issues in Science and Technology” and published in the latest National Academy of Sciences magazine further explores the topic of engineering graduation rates of India, China and the United States, the subject of a 2005 Duke study.

In the report, concerns are raised that China is racing ahead of both the United States and India in its ability to perform basic research. It also asserts that the United States is risking losing its global edge by outsourcing critical R&D and India is falling behind by playing politics with education. Meanwhile, it considers China well-positioned for the future.

Duke’s 2005 study corrected a long-heard myth about India and China graduating 12 times as many engineers as the United States, finding instead that the United States graduates a comparable number.

“You had the brightest kids worrying about their jobs being outsourced. We thought, if kids at Duke were worried, then let’s do a study about what’s going on in education,” Vivek Wadhwa, executive in residence at Duke University’s master’s in engineering management program and a co-author of the study, told eWEEK at the time.

“The first thing you do in a study is you look at the facts. But we couldn’t find any facts. The more we dug, the more we looked, the more we discovered there were no facts,” said Wadhwa.

However, Duke’s 2005 study reported serious problems with the quality of Indian and Chinese bachelor-level engineering graduates, and predicted both shortages in India and unemployment in China. The current report finds these predictions to be accurate, with China’s National Reform Commission reporting that the majority of its 2006 graduates will not find work. There are also oft-heard whisperings of a engineering shortage in India, though private colleges and “finishing schools” are going far to make up for the Indian deficiencies, the report said.

Yet, it is cost savings, and not the education of Indian and Chinese workers, or a shortage of American engineers that has caused offshore outsourcing, the study asserts.

“Respondents said the advantages of hiring U.S. engineers were strong communication skills, an understanding of U.S. industry, superior business acumen, strong education or training, strong technical skills, proximity to work centers, lack of cultural issues, and a sense of creativity and desire to challenge the status quo,” wrote Wadhwa in the 2007 report.

“The key advantage of hiring Chinese entry-level engineers was cost savings, whereas a few respondents cited strong education or training and a willingness to work long hours. Similarly, cost savings were cited as a major advantage of hiring Indian entry-level engineers, whereas other advantages were technical knowledge, English language skills, strong education or training, ability to learn quickly, and a strong work ethic.”

The report concludes by stating that outsourcing will continue to build enough momentum that the next big piece to be offshored is R&D, and that these jobs will require more Master’s degrees and PhDs, something China graduates more of in engineering than the United States. The number of India’s engineering PhD’s has remained flat, while China’s has surged, the report said.. (click on link to read rest of article)

http://www.physorg.com/news94979949.html

Economic Comparisons Numbers on Presidential Administrations Since Reagan

11.29.07

Bush Econovomits
# 8 BUSHOVOMITS II

JOBS

NET NEW JOBS PER MONTH

Clinton—237,000

Carter—-218,000

Reagan—175,000

Bush II—-70,000 (He brags on this-wow)

TOTAL STOCK MARKET GROWTH

PERCENT INCREASE PER YEAR

Clinton—41%

Bush I—-21

Reagan—17

Carter——5

Bush II—–4 ( he calls this Zoom?)

How? Yes, much money has been made as the stocks climbed out of deep hole.

Example—Cisco zoomed from $75 to $15. Deep hole. Then, over six years it zoomed to $35.

S& P just recently reached it’s 2000 Level.

One-Half the Dow thousands just go back to 2000 level. Not Dow 30.

HOME COSTS

Average annual income to buy an average priced home

2000-3.2 years—-2006—5.4 years

An increase of 68% over six years.

The next noise you hear will be Foreclosure Boom

INFLATION

Ignore gasoline—home prices—education prices—heath care prices

Everything is beautiful if you can control the numbers.

MONEY SUPPLY

M-3

Increase in each decade

1970—1207 Billion

1980—2266

1990—2612

2000—3693 (6 years)

Increase per year for each decade

1970—120

1980—226

1990—261

2000—615 (6 years) will hit 800?

Life is grand when Chairman and all Federal Reserve Officials are “Conservative” Republicans

Ok! So the Europeans can buy our goods now—

In 2000 it took $.83 to buy a Euro. Now it takes $1.37

3 course-set lunch—London-$61.50—Nyc-$45

Four Seasons Room—London-$1,000—Nyc-$465

DEBT—

1980—Less than 1000 Billion (after 200 years)

1990—4,000 (12 years of Conservative Republicanism)

2000—5700

2007— 8881 (7-10-07) wow! More Spend and Borrow let Kids Pay Tomorrow Conservatism

SPENDING

Clinton last budget 1.84 Trillion. Bush up to 2.9 with one budget to go.

Reagan increased Total Sending by 80%. Bush may tie LBJ at 60%.

Note how Heritage-AEI and all Conservatives count only one-half of the budget as their presidents responsibility. Watch them on Revenues. They will cheat. They will use correlations where there is no connection.

SAVINGS

Total National Savings has gone negative for first time since Conservative Big Crash

PROFITS

Corporate profits at all time high

Buy overseas at $.50 cent per hour labor and sell to suckers as tho $10 per hour labor

Keep minimum wage as low as possible.

Use two part time instead one full time

Do not pay Insurance.

Maximize Profits like good Christians.

Ever hear of optimizing profits?

Buy Washington. It is cheap.

INTEREST RATES

Republican Federal Reserve let Clinton end with a 6.5 % rate then few months later gave Bush a 1% rate. If this Federal Reserve is non-partisan I will shoot a 61 tomorrow.

Greenspan gave Clinton 13 significant rate hikes during campaign years.

Everything is beautiful if you are Mega-Rich.

Clarence Swinney

Political Research Historian since 1991 on Reagan-Clinton-Bush II administrations

Burlington nc

cwswinney@netzero.net