August 25, 2005

EH - 24 Economy

American university enrollments in science and engineering are declining because there are no jobs for graduates. It is pointless to invest money, sweat and toil in an education that has no payoff. Markets do work. Markets are working to shrink the demand for, and supply of, American engineers and scientists.

Paul Craig Roberts questions one of the basic assuptions and finds it lacking in support. GIGO. However, because the product is not currently being generated and the skills necessary to hold positions in science management are rare for native English speaking students with multiple language skills; any youth with the intelligence to speak valid science in universal language math, in the next future, should be able to write her own ticket. Responding to change first is what will create success.

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