Steve Lohr has an excellent story that taps in the zeitgeist of the moment: manufacturing isn’t the only sector to go offshore, high-tech jobs are about to get sucked out. How much hope is there for high-tech students given that existing graduates can’t find work (at least in the US)? Lots according to Gates (who dropped out of course):
Bill Gates: “Computer science is about to be able to accomplish things that people have been working on for decades,” he said. “Yet there doesn’t seem to be the buzz, excitement and understanding of that so that the best young people are drawn into it.”
I have to commend Gates on pushing people to stick with it. CS might not make everyone as rich as it used to, and sure there is competition, but it sure beats being a lawyer or doctorright?
What am I saying here? That it’s more important for young Indians to have jobs than Americans? Never. But I am saying that there is more to outsourcing than just economics. There’s also geopolitics. It is inevitable in a networked world that our economy is going to shed certain low-wage, low-prestige jobs. To the extent that they go to places like India or Pakistan where they are viewed as high-wage, high-prestige jobs we make not only a more prosperous world, but a safer world for our own 20-year-olds.