Home

The Economic Populist

Speak Your Mind 2 Cents at a Time

Discussion

  • Forums
    • Labor Economics
      • Labor
      • Outsourcing/Insourcing
        • Immigration
        • Professional Labor Issues
    • Macro Economics
      • Fiscal, Monetary Policy
      • Global
      • Tax Policy
      • Trade Policy
      • Wall Street
    • Politics
      • Congress
      • Executive Branch
    • Admin
  • Home
  • Reads
  • Discuss
  • RSS Feed
  • Twitter
  • About
  • Contact
Home Discuss Insourcing

New blog posts

  • A Brief History of Securitization
  • Cuomo Takes on The Money Party
  • PIGS and the ouzo effect
  • Sunday Morning Comics - Yeah Yes Men Edition
  • Must Read Posts - Sometimes you just can't say it better for 02.06.10
  • Friday Movie Night - 25 Million Pounds
  • Is Residential Real Estate a Ticking Time Bomb?
  • It's time to live within our means once again
  • U.S. Manufacturing, Hire America & Buy American
  • Sunday Morning Comics - Hayek vs. Keynes Edition
more

User login

  • Create new account
  • Request new password

Navigation

  • User Guide
  • News aggregator

Recent Comments

  • Hi I am from Slovakia - a
    4 hours 3 min ago
  • Oh yes
    6 hours 56 min ago
  • Dylan Ratigan show today
    7 hours 33 min ago
  • SIGTARP is "the tell"
    9 hours 30 min ago
  • Actually,
    9 hours 39 min ago
  • What surprised me about that interview
    9 hours 45 min ago
  • True, but they are only making matters....
    11 hours 18 min ago
  • Part of the problem is the dire straits of states and cities
    12 hours 5 min ago
  • automatic graph scaling
    14 hours 26 min ago
  • Thanks
    15 hours 10 min ago
  • Euro being heavily shorted now
    15 hours 29 min ago
  • blog post idea
    15 hours 41 min ago
  • Great Post
    15 hours 48 min ago
  • there goes what's left of savings and retirement funds
    16 hours 52 min ago
  • FYI
    16 hours 58 min ago
  • Let's sure hope so
    18 hours 51 min ago
  • Greece default doesn't matter yet then it does ...
    20 hours 26 min ago
  • Actually the biggest waste of government money
    20 hours 42 min ago
  • We're In Holding Pattern Until 2012..
    23 hours 25 min ago
  • When is the MSM going to point out we are LOSING the best jobs?
    1 day 18 min ago

Poll

Populist Du Jour

  • Holy Cow Batman! SIGTARP Barofsky says U.S. on the hook for $23.7 Trillion in bail out!

Vox Populi

  • Holy Cow Batman! SIGTARP Barofsky says U.S. on the hook for $23.7 Trillion in bail out!
  • Subprime meltdown over; now comes the bad news
  • The Deflationary Recession of 2009?
  • The Panic of 2008: a turning point
  • Text of Bail Out Act Before Congress - TAKE ACTION NOW!
  • Scientist Who Laid Ground Work for Nobel Prize Drives a Bus, Can't get a Job
  • 2009: Recession vs. Recovery (Update 4)

Active forum topics

  • How important is Greece?
  • Economic Stress hits new record
more

Atlanta Fed's Macroblog

  • Is good news hidden in bad employment numbers?
  • Southeast businesses offer insights on capital spending plans
more

iMFdirect

  • Getting Ready to Join the Eurozone Club
  • More to Do on Financial Sector Tax, Says IMF’s Lipsky
more

CBO

  • CBO Estimates a Federal Budget Deficit of $434 Billion in the First Four Months of Fiscal Year 2010
  • How Reducing Payroll Taxes Can Encourage Employment
more

powells

GAO

  • GAO-10-248, Highway Research: The Second Strategic Highway Research Program Addresses the Four Required Areas, but Some Anticipated Research Was Not Funded, February 5, 2010
  • GAO-10-25, Troubled Asset Relief Program: Treasury Needs to Strengthen Its Decision-Making Process on the Term Asset-Backed Securities Loan Facility, February 5, 2010
more

Instapopulist

  • Economic Stress hits new record
  • The Federal Reserve's Exit Plan is Another Bank Bail Out Pig Fest
  • How important is Greece?
  • China Eastern Jiangsu Provence raises minimum wage, wow $140 a month!
  • Bank Failure Friday - one this week, 200 failures expected this year
  • Dr. Robert Reich on financial reform
  • Banksters ready to side-step new credit card rules
more

Calculated Risk

  • D.C. Closed Again on Tuesday and Euro Perspective
  • Greek Finance Minister: Call for help "worst possible signal"
more

Naked Capitalism

  • Links 2/9/10
  • Head of BIS Calls for Bigger Liquidity Buffers
more

Paul Krugman

  • Euro perspective
  • Know Your Deficits
more

dorgan

The Baseline Scenario

  • Elizabeth Warren Calls Out Wall Street
  • Whose Fault?
more

EPI

  • Unemployment drops to 9.7% despite more job losses
  • Unemployment rate drops to 9.7% despite more job losses
more

Eyes on Trade

  • Exciteable Young Men
  • Exciteable Young Men
more

Econbrowser

  • Letting the EGTRRA and JGTRRA Provisions Expire
  • Reactions to last week's economic data
more

TradeReform.org

  • Much Of China's 2009 Steel Made Without Proper Permits -Report
  • Biggest Bubble in History Is Growing Every Day
more

EconomPic

  • Market Recap (2/08/10)
  • Women Taking Over the Workforce
more

Economist's View

  • "Fine Print, Deceptive Pricing, and Buried Tricks"
  • "The Inexact Science of Economics"
more

Economy in Crisis

  • Why Layoffs are Not Beneficial to Companies
  • A Growing Concern
more

The Big Picture

  • The Crumbling Greek Economy
  • Corporate credit markets feeling the correction too
more

Credit Slips

  • Bankruptcies Maintain Similar Month-to-Month Rate in January
  • Monetary Policy and the Housing Bubble
more

Manufacture This

  • The Future of Manufacturing…Part Five
  • Dr. Peter Morici Says the U.S. Economy is in “Shambles”
more

Alan Tonelson

  • More on Obama's Export Delusions
  • Domestic Manufacturers Urge Obama to Back Up Tougher China Talk With Immediate Currency-Manipulation Bill Push
more

black swan

Beat The Press

  • Jingoism and the Budget Deficit: Using Any Tactic to Advance the Budget Cutting Agenda
  • Social Security Benefits Will Be Paid, It is the Law
more

Nouriel Roubini's Global EconoMonitor

  • Roubini Bloomberg Interview on Sovereign Debt and U.S. Outlook
  • RGE's Weekly Roundup
more

Zero Hedge

  • The Coming Pan-European Soverign Debt Crisis
  • Why Casinos Deserve Our Trust More Than Banks
more

The Mess That Greenspan Made

  • The new Canadian housing bubble?
  • An interview with Fred Sheehan
more

Tax Justice Network

  • Football premier league seeks elite opt-out
  • Switzerland must consider automatic information exchange - finance minister
more

Brad Delong

  • links for 2010-02-09
  • Pretending that Nothing Is Wrong When Your Hair on Fire Does Not Send a Good Signal...
more

Steve Keen's Debtwatch

  • Interview on Switzer TV
  • Vote for Ignoble/Dynamite Economics Prize
more

New Deal 2.0

  • Bill Black to BofA Chairman: Racist bank adviser in Germany must go
  • Straws in the Wind: The 5 Supremes
more

Pension Pulse

  • Drop in Dividends Leaves Pensions Exposed?
  • Another Freaky Friday?
more

Angry Bear

  • AN IMMODEST PROPOSAL
  • In Other News, Larry King is Selling Divorce Insurance
more

Robert Reich

  • 2010 Rancho Mirage Speakers Series
  • Who's Killing Financial Reform?
more

Noslaves.com

  • Economy in Crisis Calls Out Bill Gates and Lobbyist H-1B Propaganda
  • Jobs Bill
more

Financial Armageddon

  • The Next Phase of My Evaluation
  • The Next Phase of My Evaluation
more

About that "shortage" of engineers.

Submitted by manfrommiddletown on Wed, 10/28/2009 - 13:32.
  • Insourcing/Outsourcing
  • STEM

A revealing article recently appeared in BusinessWeek. To cut to the chase, the authors found that there is no shortage of STEM (Science, Technology, Engineering, and Math) graduates in the United States. Instead:

U.S. colleges and universities are graduating as many scientists and engineers as ever, according to a study released on Oct. 28 by a group of academics. But that finding comes with a big caveat: Many of the highest-performing students are choosing careers in other fields. The study by professors at Rutgers and Georgetown suggests that since the late 1990s, many of the top students have been lured to careers in finance and consulting.

"Despite decades of complaints that the United States does not have enough scientists and engineers, the data show our high schools and colleges are providing an ample supply of graduates," said study co-author Hal Salzman, a public policy professor at Rutgers, the State University of New Jersey. "It is now up to science and technology firms to attract the best and the brightest graduates to come work for them."

Hmmm... if there are enough people graduating to fill the jobs, but they aren't being filled, might it have something to do with the wage offered? Isn't that a strong argument that bringing in H1Bs actually serves to intensify the problem by lowering wages?

‹ Don't be a Guest Worker in Dubai - They have Debtor's Prison! Pope declares Outsourcing Immoral ›
  • addthis
  • Email this Instapopulist Forum topic
  • 0 points

sure it's not only about cheap labor

Submitted by Robert Oak on Wed, 10/28/2009 - 14:43.

but it's also about stealing an entire business sector...
for India and China.

and it's intense! You should read some of the most brazen hate messages on many blogs against Americans...it's unreal, it's like reading statements from the 1800's against Black people in the U.S..

but it is all about moving entire sectors offshore, i.e. technology, I.T., advanced R&D and capturing it for India, China.

We have tons of very good engineers in the U.S. who cannot get a job, just laying to waste.

Not yet rated.
  • reply

Yes, but our TEMPORARY GUEST

Submitted by Anonymous Drive-by (not verified) on Wed, 10/28/2009 - 19:25.

Yes, but our TEMPORARY GUEST WORKERS want to believe there is a shortage so they can convince Congress to grant them all green cards and thus become PERMANENT RESIDENTS. You had to know this was going to happen. Congress told the American people that the guest worker visas were only TEMPORARY to solve severe labor shortages but so many become PERMANENT by getting green cards.

In fact, one hilarious suggestion was that a solution to the over-supply of housing in the U.S. was to give all the guest workers a green card. Talk about arrogance:


from WSJ Presents Yet More Utter Nonsense from the National Association of Realtors


Maybe a better idea is to offer young immigrants, with cash and education, citizenship if they come and buy a house.

Remember the apocalyptic retirement bubble where the needs of the old would crush the young because of the decline in the ratio of working to retired people.

Voila`, housing and working age population thing solved.

What ? Whadaya mean there aren't enough jobs around for the current workforce, let alone an influx of foreigners. Why the company I work for can't find American workers (engineering). The place is full of green card engineers.

Not yet rated.
  • reply

Timing of "Shortage of Engineers" Article

Submitted by Anonymous Drive-by (not verified) on Thu, 10/29/2009 - 05:45.

Although I'm glad that a mainstream source like BusinessWeek published this article, more stories like these seem to be coming out now only because even the most optimistic economists, politicians and journalists can tell we have an unemployment problem. This article could have easily been published two or three years ago. Even Vivek Wadwha came out with studies a few years ago saying engineering students were going into finance and marketing.

Hal Salzman has done a lot of good research on the subject in the past, and I'm glad to see he's still producing good work. It's just so discouraging that we're caught in a rut where both sides keep essentially churning out the same studies over and over again. Employer groups keep churning out reports about "shortages", and people like Salzman have to keep coming up with brand new reports just to stave off criticism that the reports they produced the previous year are obsolete.

Not yet rated.
  • reply

It's True

Submitted by Anonymous Drive-by (not verified) on Thu, 10/29/2009 - 21:16.

As an EE in Silicon Valley, I have *much* experience with how H1Bs and other "guest workers" are laying waste to the ability of US citizens to get engineering jobs. I am *so sick* of hearing "we don't have talent here in the US."

It's all about cutting wages. I've been told in past jobs that me and my colleges couldn't apply for job postings because "then they wouldn't be able to bring in H1bs". This from the HR manager.

I've seen how businesses interview dozens of people, knowing full well they won't be hired because they don't match 100% a profile created to match only 1 person in the world: the person they want to bring in from India.

I've had several Indian H1Bs ask me, "How do you American's make ends meet? After paying [listing all his bills] there's no money left." I didn't have the heart to tell them they're getting paid 40% of what is necessary to live here.

Don't get me wrong, nearly every Indian, Mexican, Chinese, etc. I've met are honest, nice, polite and hard-working. They're great people. But America needs to wake up to the fact that just about anyone else in the world can do any given job as good or better than we can.

As a country, we have to realize that "cheaper at any ocst" isn't cheap in the long run. Keep giving away our jobs and this "recession" is only the beginning.

Not yet rated.
  • reply

this is a no insult spin free zone

Submitted by Robert Oak on Thu, 10/29/2009 - 22:12.

Most engineers I know are strong believers in diversity, equality and meritocracy.

But giving away U.S. jobs and then insulting people who complain and stand up for U.S. jobs, careers is absurd and just another propaganda weapon in my view.

Not yet rated.
  • reply

Post new comment

The content of this field is kept private and will not be shown publicly.
Input format
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <b> <address> <blockquote> <br> <caption> <center> <code> <dd> <del> <div> <dl> <dt> <em> <font> <h2> <h3> <h4> <h5> <h6> <hr> <i> <img> <li> <ol> <p> <pre> <span> <strong> <sub> <sup> <table> <tbody> <td> <tfoot> <th> <thead> <tr> <u> <ul> <tr>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Image links with 'rel="lightbox"' in the <a> tag will appear in a Lightbox when clicked on.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Syndicate

Syndicate content

Add to Technorati Favorites

Privacy Policy

Google Delicious Yahoo! Bloglines Newsgator MSN AOL Rojo Newsburst RSSFwd
© Economic Populist 2008-2009