Quote:
Originally Posted by RobertG
It sounds like there might be such high demand for engineers that the supply curve for engineers is nearly vertical. This means that higher wages do not attract more applicants than lower wages. If this is the case then a small increase in supply (right shift of the supply curve) will not decrease wages. Is this portrayal of the engineering industry accurate?
|
Yes, this is more accurate assessment of the engineering profession in general.
Many people posted great information.
Kim is correct that at any time there can be regional or industry based oversupplies of engineers, but one of the keys with the engineering field is a broad knowledge base. Advanced degrees may narrow your field of expertise, but your BS degree has given you tools which can be used in a very diverse number of industries. Sometimes finding a good job just means broadening your search into other industries that you hadn't thought about before.
As the other posts here have shown, I would contend that possessing an engineering degree makes you more employable than any other degree including business. Nearly all of the best managers and leaders I've worked under were originally engineers, not business majors.
Now if we could just get to a majority of politicians being engineers instead of lawyers we might get this country moving again.
