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Technology Stocks : Wind River going up, up, up!
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To: Mitchell Jones who wrote (3440)7/21/1998 8:22:00 PM
From: Mark Brophy  Read Replies (3) of 10309
 
Re: Shortage of talent

Reports such as this merely confirm that programming talent is in a sellers market and the price keeps going up! The new facilities that WIND is building, as well as the stock options, are part and parcel of the effort WIND is making to secure the talent required to maintain the leadership in a very competitive field.

To imply that the price is too high is to infer that we know better that Bill Gates or Jerry Fiddler( or any of the other industry exectives caught up in this competitive market), how to cope with this talent squeeze.

When I graduated from engineering school in 1986, the average engineer straight out of school was earning $29,000 and the average law student was earning $40,000. Today, the average new engineer earns $41,000 and the new lawyer earns $70,000. Engineers haven't kept pace with inflation in the last 12 years and lawyers have stayed ahead of inflation.

There's a large oversupply of engineers and a shortage of lawyers. If I were advising a young person today, I'd recommend that (s)he enter the law profession. There will always be a large pool of foreigners driving down the value of an engineering education, but lawyers only need to compete with the 6% of the world's population that resides in the United States.
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