one-eyed_jim":2larcn3m said:
Do you really think a twenty-year-old two years into a French literature degree should put down her Petit Robert and turn to tensor calculus and FEA?
Ah, come on Jim.... You can do better than that!!!
one-eyed_jim":2larcn3m said:
So I'm arguing that an increase in the number of maths, science and engineering graduates will improve the country's chances of making money and repairing our economic situation.
In the medium term, it might. But how many undergraduates do you think you might need to pump through mathematics, physics and engineering courses (at their own cost) to make a difference, particularly when the jobs are elsewhere?
The Institute of Physics report I posted previously specifically identifies rising levels of student debt as a factor influencing the exodus of brighter students from postgraduate study when far better salaries are available in other sectors of the economy (notably in finance). In the light of that report, it makes no sense at all to burden students with rising levels of debt in the hope of encouraging them to enter a sector that has fewer and fewer opportunities.
I completely appreciate your argument here, but I still that it's a problem that
has to be solved, not walked away from.
one-eyed_jim":2larcn3m said:
Whenever a service transaction has an international counterparty, a service is exported. That can include banking, finance, insurance...
Are we still relying on those? :shock:
one-eyed_jim":2larcn3m said:
...advertising, translating...
True, but those projects tend to be "one-offs" and are very labour intensive
one-eyed_jim":2larcn3m said:
...publishing, entertainment...
I must concede that you're absolutely right here. These can be mass produced and easily sold all over the world for a premium price.
one-eyed_jim":2larcn3m said:
...but also education and tourism (when an international client is imported). The education sector is an important source of overseas funds.
Yes, I suppose that with education and tourism, overseas visitors are bringing their foreign currency with them to pay into the service sector. But for a country like Germany for example, I'm just not sure how well the income from tourism and education compares with the income generated by Bosch, Volkswagen, Siemens, BMW, Braun or Mercedes.
one-eyed_jim":2larcn3m said:
It would be nice to have a more balanced economy, but we don't have the advantages of many of our competitors. We have few natural resources, a very high cost of living, and a sixty-year history of failure to invest.
All true, Jim. We also have a £4.8 trillion national debt and a £155 billion fiscal deficit (which is only reduced by about half by George Osborne's £84 billion savings). Last year, more money was given out in welfare payments than was taken in income tax. Things aren't looking good, and a little bit of tweaking here and there isn't going to be enough. We need a decisive and drastic plan to turn things around.
one-eyed_jim":2larcn3m said:
How many employers do you know from among your graduating class?
Two guys from my college class started an engineering company in Chichester that employs 9.
I haven't kept in touch with many from my graduating class, but before the course had finished, one of the guys was selling coloured plastic overlays for Technics turntables that he was selling to DJs all over the world. Some people have balls of steel... :roll:
I think that maybe some people partaking in this thread have got 'the wrong end of the stick' when reading my posts. I'm not out to rubbish arts or humanities students. I just remember Robert Pirsig's line from
Zen and the Art of Motorcycle Maintenance: "If you want to change the world, the best place to start is with this head, this heart and these hands and work outward from there". This philosophy guided me towards an engineering education and it seems to me to be a much more practical and fruitful strategy than rioting, arson or even protest marching.
Jim, I've really enjoyed debating with you, but I have to put some hours into a small web venture that I'm trying to start, and that means that I can't devote so much time to composing lengthy posts on the RB forums. If I don't respond in this thread, I hope you'll understand.