Top 10 degrees in demand

Tom, you'd be surprised...

 

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Actually it si likely to be both. As Corporations look for cheaper places to do the outsourcing it is likely to lose the jobs it has gained. I worked for a company that moved a lot jobs to Canada and the reason they did it was the huge subsidy the Canadian government paid them. When that subsidy ends, they'll be looking at India, Vietnam, where ever the cheapest place is. Unless, of course, Canada wants to provide its labor for free!

 

Probably correct. I know one person who was laid off from an IT job almost two years after the dot com bust. His salary had been in the high 80s. Despite having excellent academic and work-related history, six months of very active searching and he was still out of work. He ended up accepting a similiar job in a neighboring state, but making only in the mid 40s.

In the meantime, those making lower salaries at his old job were retained in those jobs. But as they gain experience and move up the salary chain they are likely to find their own jobs in jeopardy.

I don't know how elected officials and others can keep insisting this 'outsourcing' trend is so good or our ecomony. Good for who? Probably the CEOs and other corporate officers who are making millions in salary and bonuses and not likely to lose their jobs or their 'golden parachute' retirement packages.

Kit

 

It's good to know that engineering is "in demand." However, as a mechanical engineer, I have to say that it is a great shame that NACE is shamelessly dangling a carrot in front of engineering students. There are tons of experienced, unemployed American engineers.

 

There doesn't seem to be a shortage of diploma mills.

I suppose a degree in diploma mills would be in demand. It might be a specialization under business degrees.

 

The organization that came up with this list could very much be also the beneficial of this research.

As an example, as far as the US gov is concerned there is a big shortage of IT personals in the USA. This is based on special interest group’s research to justify the reason why skilled labor comes to the USA to do their work. And their justification is the lack of "skilled" IT. "Skilled" is tailored to the wishes of these special interest groups.

 

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oh no you may surprised to see whats happening here. A lot of Canadian jobs are being outsourced (IT, other high tech, Engineering etc). The only one that may be coming into Canada are very small and are tech support/call centre type jobs and even for those there is a competition from Asian market. ofcouse Asian options are cheaper for the companies so they may start ending up there too.

 

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Oh no! Does this mean that there may be room for Philosophy in the TOP 10?
Jack
(cough, cough, hack, hack. Sorry, just a wild thought)

 

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Maybe Philosophy but most importantly Psychology. People who are losing their jobs would certainly need Psychologists (hopfully they are not outsourced. imaging talking to an oursourced psychologist )

 

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There is a big difference when your dollar goes to Canada. American and Canadian economies are almost one given the NAFTA agreement, when a dollar goes to Canada it will come back to the US as we consume many american products and services. It is not the same when your dollar goes to China or India where the dollar will hardly return to the US. It is also less attractive to outsource to Canada given the weak US dollar, it is only 20% cheaper to outsource engineering work to Canada compared with the more than 90% that you save when it goes to India or China.
I think that the only thing that can save the US and Canada is to make a free trade agreement with China and India so at least some of the dollars we send come back to our economies.

 

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That would be a nightmare, talking to an outsourced psychologist. Imagine this scenario:

The patient dials 1-800-PSCHO and some East Indian from Bombay answers the phone. He has a thick 7-11 accent and he goes by the name “Dr. Phil,” although his real name is Bipin Sanjay. Bipin received his credential from a diploma mill next to a sweat shop run by Kathy Lee Giford.

He asks the patient, “Dees ees Dr. Phil. Haw canee help yuu?”

Patient responds, “ Yo! I am depressed, doc. I need help.”

“Why doo yuu need help?”

“Cuz I ain’t got a job in the states.”

“Why don yuu come to India? Lots of jobs heeeerrrr. Tech jobs, financial jobs, we gots them heeeerrr.”

“But I don’t speak Hindi.”

“Das okay. You no need no stinkin’ language skills. You can work at da cow farm making 75 cents a day.”

"Whay kind of benefits do you have? Do you have 401(k), dental, medical, etc?"

"You get tooo pet the cow's belly. You can also shower wit dem. Cows are sacred and it eeeess an honor to shower wit dem. You don need no stinkin' 401 k, dental and medical. The cows are yourrr benfits."

"That's great! India, here I come! I am leaving 'the land of opportunity' and rub cow bellies for a living. Thanks, doc!"

 

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True. And as we learned from Canada's Health Minister regarding low cost drugs for the US market, Canada's population is 30 million, the US about 300 million and India/China 2 billion. Just how many jobs can be outsourced to Canada? (This is a math test)

 

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Great post RF!

 

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The dollar doesn't come back to the US? Where does it go?

 

It stays in the foreign markets and central banks.

 

For what purpose? I thought foreign countries were financing our national debt with USD they receive for exports.

 

US dollars float back and forth between foreign countries and stays in their central banks for several reasons. It is the most commonly used currency in international transactions due to its relative stability. This means that when transactions occur between two foreign nations, there is a good chance that the currency used is the dollar. Also, many countries use the dollar to maintain their currency at a certain level which generally allows a certain amount of stability within their economy. Because of these two things, central banks around the world keep a certain amount of dollars in their possession.

 

Many things are so but it is not so that USD does not come back to the US.

 

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In the case of Canada, a large percentage of our income goes to American soil as we consume McDonalds, Wendys, etc. There is also a large percentage of the population that will keep their money in American investments so the money goes back to the US in this form. Finaly, half of our MDs trained by tax payers money will end in the US so the US gets benefit from ready MDs that can pay taxes in the US.

 

Outsourcing jobs abroad strengthens the US economy. It helps lower its inflation, increase its productivity, and thus boosts all economic activity (creating, in turn, new jobs). It helps as well American organizations to be competitive. How could GE, for instance, compete with Philips or Sony if thee companies are outsourcing most of its labor? The problem is not economic whatsoever (in macroeconomic terms, of course; for a regular worker it could be catastrophic even if gor for the nation is beneficial in the long term). Every dollar spent abroad eventually returns home. I also think it INCREASES the ability of the US to politically influence those receiving countries (imagine the US closes the fawcett on China!). The problem (dor some people) seems to be more a strategic one since the US may have their technological leaderhip eventually challenged. But realistically, what is the probability that China and India eventually manage to do things better than the US?

Of course, this is a sensitive topic for many, and not even experts seem to agree on it. Just my two cents on it.



Cordial greetings