Why Science Is a Lousy Career Choice
Hugh Pickens writes "President Obama had a town hall meeting at Facebook's headquarters last week and said that he wanted to encourage females and minorities to pursue STEM disciplines (Science, Technology, Engineering, and Mathematics). However, Pastabagel writes that the need for American students to study STEM is one of the tired refrains in modern American politics and that plenty of people already study science, but they don't work in science. 'MIT grads are more likely to end up in the financial industry, where quants and traders are very well compensated, than in the semiconductor industry where the spectre of outsourcing to India and Asia will hang over their heads for their entire career.' Philip Greenspun adds that science can be fun, but considered as a career, science suffers by comparison to the professions and the business world. 'The average scientist that I encounter expresses bitterness about (a) low pay, (b) not getting enough credit or references to his or her work, (c) not knowing where the next job is coming from, (d) not having enough money or job security to get married and/or have children,' writes Greenspun. 'Pursuing science as a career seems so irrational that one wonders why any young American would do it.'"
Tariffs played a large role in this. Honda et al. can avoid paying tariffs if some large fraction of the car is manufactured/assembled here. Otherwise there's as much as a 25% tariff. For years the Japanese could make cars cheaper than Americans, so this didn't matter, but then when prices started approaching parity, they started moving factories over here to get around it.
The tariff on trucks was much higher, and that's why there were no full-sized Japanese trucks in the US until the laws changed around 1999. The Japanese manufacturers lobbied hard to get those changed (and the US companies lobbied hard against it - some deal was made) so Toyota/Nissan could compete in the very profitable F150 market, and traded off moving entire factories here to get it.