Wednesday, August 5, 2015

They Did It With Nurses, Now Academia Is Doing It With Electrical Engineers Too

As I hang out in the local Starbucks, I see so many students studying to become nurses, the competition is tough indeed, they are studying their butts off assuming there will be a shortage of jobs in that sector and they will be gainfully employed as soon as they graduate - not so fast. Yes, let's talk about this shall we?

You see back in 2000 we heard for at least a decade that nursing and medical jobs were where the good job openings would be. What happened? Well, the Health Care Corporations made out like bandits due to oversupply, thus, lowering costs, but the students who graduated not all got jobs, but they did get stuck with the student loans. Worse, many of the "for-profit" colleges that offered nursing programs because the government policy folks claimed there was a shortage ended up getting sued by the government regulators for their marketing when those jobs were not available.

Meanwhile, all the public colleges and universities offering nursing programs skated, even though they did the same thing, again, because the policy makers made such a big deal of the impending shortages. Now we hear we need more mathematicians, scientists and engineers, that there are and will be huge shortages - really? I question that.

There was a rather scary article in Computer World on January 16, 2014 titled; "What STEM shortage? Electrical engineering lost 35,000 jobs last year - Will the Internet of Things create jobs in the U.S. or offshore?" by Patrick Thibodeau which stated;

"Despite an expanding use of electronics in products, the number of people working as electrical engineers in U.S. declined by 10.4% last year. The decline amounted to a loss of 35,000 jobs and increased the unemployment rate for electrical engineers from 3.4% in 2012 to 4.8% last year, an unusually high rate of job losses for this occupation. There are 300,000 people working as electrical engineers, according to U.S. Labor Department data analyzed by the IEEE-USA. In 2002, there were 385,000 electrical engineers in the U.S."

Now then, could it be that due to the fact that larger companies want to lower costs, and realize they can get foreign student 3-engineers out of school for the price of one that they don't really want US electrical engineers, that coupled with the reality that most things are not made in the US anymore, so why have homegrown engineers when you can have in-country engineers in the places these companies have outsourced to? Look, I understand the global picture and reality, but graduating more engineers into jobs that do not exist, isn't a long-term solution, nor is it fair to the individuals graduating. Please consider all this and think on it.

Lance Winslow has launched a new provocative series of eBooks on Career Concepts. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net

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