Who wants to be an engineer?

[Eugene]

This is very scary

http://washingtontimes.com/commentary/20030227-26542174.htm

Kudos to India, but something should be done to the companies who sell us their products and don't give us the jobs.


Eugene

P.S. I still want to be an engineer, btw.

[narenr]

I don't think anything needs to be done because the companies are getting cheaper and, arguably, better labor, which both mean better value by using the labor of other countries. The companies are in business to make a profit, not provide jobs for everyone. And just because jobs are shifting overseas doesn't mean that no American engineers will be needed. There is always demand for engineers.

[Eugene]

Well think about this…

Economy is a cycle of supply and demand. The reason why the great depression happened is because the supply exceeded the demand by far. The industrialists and farmers expanded their industries so much that the consumers could not buy the surplus products. (If you have Brinkley’s American History, read chapter 25 on the great depression.) Only after the demands for American goods grew as the result of the devastated industries of Europe, did the America recover. Now think about what is currently happening. Not only is the supply growing, but the labor and hence the demand is decreasing. By outsourcing the labor the “American” companies are effectively taking the money out of the economy.

Just a thought…

Eugene

P.S. If you ever looked up the US patents you would notice that the good portion of the intellectual property rights is owned by foreigners.

[Clanat]

Even though it may be cheaper, by farming out to other countries, money goes everywhere but the US. THAT is what is causing the current economic downturn, is the incredible Import/export difference.