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Originally Posted by Torwan
Well, now the US knows what it has to do and fix. Invent stuff, develop stuff, manufacture stuff.
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We do invent and develop. By and large we still manufacture as well, just not electronics.
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Originally Posted by Torwan
China is "producing" more engineers than anybody else.
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China has around 1.3 billion people, India around 1.1 billion, the US is in 3rd place with 312 million -- or 1/4 that of China. Of course they're going to educate more engineers than us. That is, assuming your unsourced comment is in fact correct.
Why is that a problem, anyway?
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Originally Posted by Torwan
How many Americans become engineers and how many of them end up in financial markets?
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There's probably somewhere around 500,000 people whose employment is directly connected to the financial markets. 6 million people are employed in the "business and finance" sector, but that includes accountants, insurance agents, human resources, real estate etc.
There's around 3.2 million tech engineers, and 2.3 million architects and other engineers.
http://www.bls.gov/oes/current/oes_nat.htm#00-0000
I don't think we have all that much to worry about. Engineering may not be terribly glamorous, but the pay is decent enough. The US also still has many of the finest universities in the world, and people are clamoring to get a US education.