My hypothesis is that the best indicator of long term economic health is the number of engineers a country produces relative to the number of lawyers. A country that is cranking out more engineers than lawyers will trend up. A country that is moving toward a lawyer-heavy economy will grind to a stop.Yup. There's a need for lawyers, and a need for people with English degrees (and history degrees). But we need scientists and engineers quite a bit more.
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Some of you will argue that education in general is the biggest predictor of success. But I think you'd agree that if everyone started majoring in English, we'd all starve to death with impeccable grammar.
Saturday, August 6, 2011
As Usual Scott Adams Has It Right
On his blog:
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I would agree but take it a step further.
ReplyDeleteHow many engineers are working as engineers?
How many lawyers are working as lawyers?
John Henry
Get an engineering degree and then move to a country with jobs...
ReplyDeleteWhile I tend to agree, Japan must be examined as a strong exception to this rule of thumb.
ReplyDelete(Of course, nothing more than other non-judicial system methods of hindering engineers is quite sufficient, and Japan has those in abundance.)
China and India would tend to support the thesis.