Don’t Panic! U.S. Still the
Land of Engineers and Scientists
In recent months it has been popular to lament the sad state
of our educational system and propose various ways to encourage more vigorous
study of math and science. The fear that our weakened economy will soon fall
victim to legions of Chinese and Indian engineers and scientists has caused
much distress to politicians and corporate executives.
It is true that we have built a system of tantalizing
incentives that appear to lure the so-called ‘best and brightest’ away from the
ascetic land of the sciences and toward the money-soaked, hedonistic shores of
finance, consulting and corporate law.
An engineering or science graduate of a top university (e.g. MIT, Cal
Tech, Georgia Tech, etc.) can expect to earn a small fraction of the treasure
offered to graduates from top MBA or law programs, or to those heading off to
Wall Street or consulting firms. In a
society where wealth and conspicuous consumption are worshipped more fervently
than any deity (despite protestations and rationalizations to the contrary!),
it seems natural to assume that our brightest youth must surely be hearkening
to this siren call of great wealth and rejecting the more difficult and less
lucrative path of engineering or scientific endeavor.
But do not despair!
The love of knowledge and truth, and the inclination to create and
build, are more powerful elixirs even than the inebriating brew of huge
salaries and bonuses. Our schools are
still filled with extremely bright students that choose science and technology
because they want their lifework to have meaning and to be fulfilling. The U.S.
has the best engineers and scientists in the world and is the Mecca for promising technical talent from
every country. We can be proud of the
fact that we not only fill our companies and labs with incredibly clever and
well-educated graduates, but also seed the rest of the world with talent.
These students will toil in the relative obscurity of
cubicles in thousands of companies across the land. They did not choose the road less travelled
to get rich quick. A few will achieve
wealth through entrepreneurship or by being in the right company at the right
time. The rest will simply do the heavy
lifting of our industrial world – creating the next energy technology,
designing a new transportation paradigm, applying robotics to a thousand uses,
engineering new biological and chemical solutions to medical or environmental
problems and so on. Most of these
engineers and scientists will not be rewarded richly for their labor in any
material sense. But they will love their
work and live good lives. I would not be
surprised if they are on the whole much happier than the billionaire hedge fund
managers and their ilk.
It has been said that the consultants, the bankers, the
traders and the corporate lawyers are the ‘smartest guys in the room’. But I believe the smartest guys are not ‘in
the room’ at all, they are back in their cubicles moving the state of the art
relentlessly forward. We didn’t lose the
best and brightest to the glamour of Wall Street, only the greediest. The best and brightest are, thank God, still
on the job and tinkering about to make a better world.
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