TIME magazine's cover article "Is America flunking science?"

zking786
Tue, 21 Feb 2006 07:56:19 +0000

sakky:

Sorry for the latency in my response.

Thanks for the clarification, I now better understand your assertions. Your points about social circles, intuition and strategic positioning seem to make sense. These certainly make intuitive sense, but don’t explain why outsourcing is INCREASING. The IT industry, for example, is relatively new in India and is expanding rapidly.

Also, I don’t get why traditional supply and demand wouldn’t explain science/engineering vocation salaries. I agree with you that the laws might not hold for high supply, as you explained in the investment banking scenario, but I don’t get how low supply (in terms of engineers) and an evident demand, wouldn’t increase salary.

Lastly, thanks for all the informative responses.