SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 36.47+0.7%11:16 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Amy J who wrote (176604)1/21/2004 8:13:35 AM
From: Lizzie Tudor  Read Replies (4) of 186894
 
Hi AmyJ, regarding this article-

The NSB doesn't know why the U.S. is producing fewer engineering graduates.

Answer: 1. Because there are no jobs for these people when they graduate.
2. Because if they do manage to get a job, engineering as a profession has been cheapened by globalization and wage pressure exists that does not exist in other areas like law, for example.

Someone who recruits at Berkeley told me Cisco was trying to hire new software graduate students last year for $30/hr, no benefits. That equates to about $55K/year. You can make that as a bookkeeper in a small business, there is no need to spend 5 years at Cal for $55K. The reason pay is so low, according to my friend, is that Cisco said they use a factor against their offshore counterparts in Bangalore for the US salaries. She said they have been cut by 40% since 2000.

The Bush administration is launching an all out attack on the engineering profession with their new immigration program. It basically says that Intel or Cisco or any large tech firm can bring offshore engineers to the US **if they can get a job**, and if there are "no US workers available". This is the same excuse they used to try to expand the visa program last year even though US engineering unemployment is at an all time high. It is simply an effort for large firms to induce severe wage deflation. This Bush plan essentially will shut down every engineering school in the country for lack of interest imho.

In times past, when there was a labor shortage the economy handled it differently and smartly, with efficiency. The open source GPL is an example of something that has emerged which means fewer resources are required to develop software. Throwing bodies at a problem hardly ever works. My personal opinion is that the offshore design centers are not delivering, and these tech CEOs are lobbying the special interest controlled white house with ways to get these workers back on US soil, at Bangalore pay, as if all engineering workers are created equal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext