A bit of an oldie (forgive me, work’s been a beeyatch). Economist Robert Samuelson writing for MSNBC, hits an issue recently discussed on Sepia Mutiny – the much feared Science & Engineering gap with India & China.
Samuelson’s retort is multi-pronged. First, the gap with India/China isn’t as crazy as the numbers might suggest it to be –
Judged realistically, China and India aren’t yet out-producing the United States in engineers. Widely publicized figures have them graduating 600,000 and 350,000 engineers a year respectively, from six to 10 times the U.S. level. But researchers at Duke University found the Chinese and Indian figures misleading. They include graduates with two- or three-year degrees–similar to “associate degrees” from U.S. community colleges. And the American figures excluded computer science graduates. Adjusted for these differences, the U.S. degrees jump to 222,335. Per million people, the United States graduates slightly more engineers with four-year degrees than China and three times as many as India.…Only about 4 percent of the U.S. workforce consists of scientists and engineers.
Secondly, even if the gap is real, econ 101 would dictate that the “shortage” should reveal itself in engineering salaries (on average). And yet….