America’s Broken Brain Trust

March 6, 2010

Essential Education - but will there be jobs??

Filed under: Career Viability, Status of the Middle Class — admin @ 4:51 am

The protests from college students across the country hit a very personal chord with me. Having been through the “academic mill” I sympathize deeply with these student’s who are attempting to do. They see education as their ticket to a middle class - or even upper class life. However, I had to wonder when I saw the protests, will the education that they are protesting for truly result in a higher standard of living for these young people?

My concerns are based on personal experience. As someone who holds a Ph.D. that I hardly use, the question above is far from moot. Ask anyone who has a degree is science, math, computer programming, engineering and the like. Many underwent extensive educations which were taken with the idea this would pay off in the form of increased remuneration for years to come. When I was an undergraduate, I had a job in a graduate school working in the registrar/bursar’s office. The specialized in engineering and computer science. The students flooded in each semester. The classes were held from 6 PM to 10 PM Monday through Thursday. Some students were on campus every night - others were around twice a week. This went on for years. Even in the mid to late 80s, it was expensive and certainly intellectually demanding and very time consuming. It’s been about 21 years since I worked in that institution. But these days I often wonder about the fate of the students who came through those doors. Are they still employed? Have they been outsourced? Did someone with an H1-B replace them with a lower salary? Given what happened to the monetary value of my own Ph.D. , these questions aren’t idle musings.

Many academics and business people a like now say that such education should be a lifetime effort. That fields of work will come and go - but that re-education into new fields every decade or so will be the norm. That this is not necessarily a bad thing. Really? To these notions I say BULL$%#$!

Why? The time and expense makes such an on-going educational imperative is wildly impractical and of dubious financial benefit. Degrees are expensive and time consuming undertakings. Even back in the 80s and 90s the cost was far from trivial. What made the time and expense worthwhile was the belief that once completed, the graduate really “had something” worthwhile - that would pay off for years to come.

Now, entire career paths and the courses of study required for admission are being created and commoditized with alarming speed. The hapless student chasing these degrees often finds their “cheese moved” before they even come out of the education pipeline. Going in - the student sees this as a viable career with high demand - this creates a flood of people chasing the same dollars. The flood creates a glut and industry adds salt to the wound by importing “cheap labor” from abroad. This scenario appears to be repeated over and over again throughout many industries and fields of study.

But how practical is this for the average worker? The answer is that it isn’t. We are getting to the point where a Master’s degree might get about six years of milage out said degree. Then the cycle has to restart when “retraining” becomes necessary. How many degrees are we going to have to take, in order to stay viable? Does it even make any sense to take theses degrees? I don’t know, crunching the numbers, it doesn’t seem to be very practical. For anyone taking a Ph.D. the stakes couldn’t be higher. The pipeline to graduation is so long that a student entering a Ph.D. program is more likely that not to be seeing a very different employment market when they emerge.

My point is this - education is valuable - however, if there are no jobs going with these degrees - people are simply going to truncate their educations. Resulting in a further dumbing down of our society. The brain trust we are counting on is being eaten alive by academia and industry alike. No one has clean hands on this one. Academia certainly aided and abetted the situation with respect to biomedical science. Breaking the American brain trust ? It’s already broken.

October 30, 2009

Elizabeth Warren - on the middle class as a Thanksgiving turkey

Elizabeth Warren has long warned that the middle class was under extreme stress.  In 2003 she co-authored the  “The Two income Trap”  in which she and her daughter painted a vivid description of the financial tight-rope that the middle Class find themselves on.  She recently appeared in Michael Moore’s film “Capitalism: A Love Story”.

Ms. Warren is currently chair of the Congressional Oversight Panel for the TARP funds.  As such, she has been a refreshingly frank and uncompromising voice in the nation’s capital.

Why is this relevant to America’s brain drain? The dissolution of the middle class has a great deal to do with the breaking of the American brain trust.   After all, an American scientist, engineer or academic has more in common with a UAW worker than it does with bankers, stockbrokers and sales people - at least when it comes to compensation.  Actually, I take that back,  UAW workers probably fare a lot better financially in the grand scheme of things.   At the very least,  they were not burdened  by years spent out of the work force to complete an extensive education.

Thus the brain drain  has everything to do with the dissolution of the middle class.  Make no mistake, scientists and engineers are employees. They are working people - and as such their prosperity is linked to the prevailing trends of the work place.

The video  is short, but on-point.  Likening the middle class to a Thanksgiving turkey is a powerful and unfortunately - a very apt metaphor.

Further Reading:

Blogs where Elizabeth Warren is a contributer:

Credit Slips

The Baseline Scenario

The Two-Income Trap by Elizabeth Warren &Amelia Warren Tyagi

© 2009 Ruthmarie G. Hicks, http://www.AmericasBrokenBraintrust.com. All rights reserved.

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