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James Dyson: We Should Pay Students To Study Engineering

DavidGilbert99 writes "The inventor of the bagless vacuum cleaner believes there is an engineering crisis in the UK and that 61,000 vacancies in the area will go unfilled in 2014. To address this Dyson believes says he wants the UK government to offer monetary incentives to students with an interest and aptitude in science — as well as changing the current visa system to make it easier for foreign students to remain in the country and get work once they have completed their education in the UK."

60 of 321 comments (clear)

  1. Scholarships, you mean by Geoffrey.landis · · Score: 5, Interesting

    The phrase he seems to be looking for is "we need scholarships for engineering students".

    --
    http://www.geoffreylandis.com
    1. Re:Scholarships, you mean by JoeMerchant · · Score: 2

      Roughly 1983 through 1991 Florida was doing exactly this, providing scholarships to state residents to attend private universities in the state - and they were picking up the cost difference between private and state schools, for high level STEM courses.

      Like any good idea, it eventually got shouted down by the political process, but it worked for / on me, I stayed in-state, got my degree, and now I work here in STEM jobs.

    2. Re:Scholarships, you mean by ebno-10db · · Score: 4, Funny

      You would need to prove yourself worthy of the scholarship

      Academic requirements for a scholarship? What a clever idea. I wonder why no one else has thought of that.

    3. Re:Scholarships, you mean by sl4shd0rk · · Score: 3, Insightful

      we need scholarships for engineering students

      No. The solution is to make education affordable enough so scholarships are pointless. An educated populace brings many good things into balance.

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      Join the Slashcott! Feb 10 thru Feb 17!
    4. Re:Scholarships, you mean by hodet · · Score: 2

      ..and nothing prevents his company from offering scholarships. Governments are stretched pretty thin and it would be nice if private industry stepped up here, as they will be the ones to really benefit from qualified engineers. Perhaps government could match their investments and make it a partnership at least. What he is asking for is to socialize the costs so he can privatize the expected profits. These always end up with the threat of leaving, like they wouldn't do that anyway if it was beneficial to them.

    5. Re:Scholarships, you mean by Mitsoid · · Score: 3, Insightful

      along the same lines..

      We need to stop this education-for-profit business model that is encouraging schools to over-populate classrooms by providing very small scholarships and encouraging loans. Pointless required classes are another great thing to trash (I'm not talking Gen Ed, I'm talking 2-3 classes that could be merged into 1).

      When I went to school for IT, I had 3 classes that discussed (in roughly the same detail) the *theory* and *standards* of how various communication mediums worked. Pointless. Make 1 of them a hands-on class at least!

    6. Re:Scholarships, you mean by Vanderhoth · · Score: 2

      You know you're a Star Wars geek when you go to the Wookies building the Death Star before remembering that Chewbacca was the primary mechanic on the Falcon. You my friend diverse a second geek card.

      ;D

    7. Re:Scholarships, you mean by mhajicek · · Score: 2

      Indeed. History shows that tuition rises to match the money available.

    8. Re: Scholarships, you mean by CheeseTroll · · Score: 4, Funny

      If Chewbacca lived on Endor, he could easily get a basketball scholarship.

      --
      A post a day keeps productivity at bay.
    9. Re:Scholarships, you mean by ultranova · · Score: 2

      Which begs the question: Why? They had droids.

      The Dark Side is not about winning, it's about making someone else lose worse than you. This was true a long time ago in a galaxy far away and it's true here and now.

      Once you realize this, a lot of absurd things dicatorships, companies and the 1% do start making sense. It's just people acting out the archetype of the villain, realizing at some level what they are even if they refuse to admit it consciously. Palpatine does; the path of the Sith is all about embracing evil and going out of your way to act in harmony with the archetype in full self-awareness of what you're doing. Vader never really does, lacking the awareness and the guts, lying to himself about his noble motives - first saving his wife, then bringing order to the galaxy - and thus loses his duels against Obi-Wan and much later Luke. It's also why he can ultimately repent (which takes Palpatine by surprise because he's too much in synch with his archetype, and salvation is beyond it).

      ...All of which means that Hayden Christensen was the perfect choice for the role of Vader and played it perfectly. My mind is blown :o.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

  2. No, never! by Ries · · Score: 2

    As an engineer, I think this is a bad idea. Cause you know, they tirrrkk errrr JERRRBBSS!!

    1. Re:No, never! by dkleinsc · · Score: 2

      Well, you're right that it would be bad for you personally: Supply and demand means that scarcity of qualified engineers raises the price (a.k.a. your income) of engineering services, whereas a surplus of qualified engineers lowers the price.

      That doesn't mean that all immigrants are bad for you: Immigrants engaged in any other profession increase economic activity overall, which increases demand for all sorts of things, which may well increase demand for engineers.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
  3. How about paying students after graduation? by Opportunist · · Score: 4, Insightful

    Paying students is a nice idea, but won't change a thing.

    Face it, the only jobs that pay money are jobs that deal with money. Being productive is simply not something you get paid for, pushing money about is where the money is.

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    1. Re:How about paying students after graduation? by JWW · · Score: 4, Interesting

      This is why we're failing. Money as a concept is designed to be an engine that runs the economy.

      But to run that economy we need bankers and traders that help us run the mechanisms that promote business and commerce. These people, who are supposed to be making the system work for all of us and taking a profit on the providing of their services, have used their proximity to the money to, well, steal and skim money off the system to make themselves rich. They make themselves rich beyond reason. The system is no longer about the economy at large and about promoting business, its about banking and about the market.

      The market starts prompting companies to do make bad and destructive decisions in order to make the banks and markets more money. Eventually they create perverse "instruments" for making money. When I first heard credit default swaps being defined, I couldn't believe that the people who created them weren't in jail for perpetrating fraud, it was so fucking blatant.

      So our economic system will fall apart and burn to the ground because it no longer serves the purpose it was created for, it is corrupted beyond repair.

    2. Re:How about paying students after graduation? by tibit · · Score: 3, Interesting

      There is some truth to this, but mind what "dealing with money" may mean. Retailing is all it takes, you don't need to be a financier. Say, for example, the duty free shoppers empire (founded mostly by Chuck Feeney and Robert Warren Miller). In the time before it sold to LVMH in 1997, they seemed able to extract 20 billion USD out of mostly asian customers, with essentially zero investment. It was all high-overhead retailing, nothing less, nothing more. They were very productive in that enterprise.

      Just think of this: there were years when Feeney and Miller were extracting over $100 million USD yearly in dividends out of that enterprise. To give you another idea of the scale involved: at one point they were paying the Hawaii airport authority $1 million every 3 days for the concession to operate at the airport. DFS was worth way more than many of the large financial operators you might have heard about, like Bear Stearns or Lehman Brothers. Heck, Miller and Feeney were personally worth IIRC more than Stearns and Lehman and a couple other large investment banks combined, for crying out loud.

      Of course Chuck Feeney gave all his money to a charitable foundation he created, and is on his way to be the biggest philanthropist of all time. I think the joke is that he was basically bankrolling Irish higher education for a while.

      --
      A successful API design takes a mixture of software design and pedagogy.
    3. Re:How about paying students after graduation? by PRMan · · Score: 2, Interesting

      On 60 Minutes this weekend they had a story about a 15-year-old kid who created an early test for pancreatic cancer. He and his brother played "science lab" in the basement. Their parents stayed out of it and said, "Don't blow up the house" and they got several calls from the FBI about their "purchase history", but the parents ignored it and let them play science anyway.

      Nobody's going to go into science if they get a call from the FBI every time they try.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    4. Re:How about paying students after graduation? by Opportunist · · Score: 2

      No, but we also don't need more good engineers that have to go into some mindless pencil pushing job because it's the only one that pays the bills. It simply hurts to see people who are talented engineers rot away in some mindless job filling spreadsheets that any business major is good enough for.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    5. Re:How about paying students after graduation? by TheRaven64 · · Score: 2

      It's a problem in the UK, that anyone competent in any computing or mathematical subject can earn at least double, sometimes as much as ten times as much working for a bank playing a huge zero-sum game as they can contributing to the economy. We used to have a brain drain to the US, now we have one to the City of London.

      --
      I am TheRaven on Soylent News
  4. Worker shortage in 2014 by bluegutang · · Score: 5, Insightful

    ...so we need to fund education for students who won't hit the job market until several years later?

    Give me a break.

    And trust the free market for once. If there's a worker shortage, then wages will rise until demand and supply equalize and there is no more shortage.

    All the whining about a shortage of engineers is simply a trick by employers to increase supply and decrease the wages they have to pay.

    1. Re:Worker shortage in 2014 by Opportunist · · Score: 2, Insightful

      Free what? C'mon, free market is dead.

      There is by no means any shortage of people pushing money about, yet salaries are hitting record heights every year.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    2. Re:Worker shortage in 2014 by grasshoppa · · Score: 2

      And trust the free market for once. If there's a worker shortage, then wages will rise until demand and supply equalize and there is no more shortage.

      Ah...I think I now see his motivation.

      You have to admit, it's clever.

      --
      Mod me down with all of your hatred and your journey towards the dark side will be complete!
    3. Re:Worker shortage in 2014 by PRMan · · Score: 2

      No. They don't. The wage for software engineers in Orange County, CA has barely gone up in the last 5 years, despite there being 5 openings at every company.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    4. Re:Worker shortage in 2014 by ngibbins · · Score: 4, Informative

      Dyson's talking about the UK, where over the last decade and a half we've moved from a higher education system funded from general taxation, to one in which teaching is funded almost entirely through tuition fees. A student studying for a four-year undergraduate masters (typical for engineering subjects in the UK) now faces a debt of £36,000 (US$60,000) for their tuition alone; living expenses (rent, food) will typically add upwards of £20,000 to the overal cost. By contrast, when I graduated with BSc Computer Science in 1994, I did so without debt; my tuition and living expenses were paid for by my local education authority, as was then the norm. As a result, we're seeing a decline in admissions across science engineering as a whole, and a very pronounced shift from four year MEng degrees to three year BSc/BEng. The decline varies from discipline to discipline; computer science so far seems to have got off quite lightly, but others have been hit much harder (materials science, for example). It's very touching that you believe that the invisible hand is going to make everything better, but the reality is that any correction in engineering salaries is likely to take decades (if not longer), and the shortage of STEM graduates is rather more immediate. Dyson's arguments are sensible, and effectively take us back to the situation of the early 90s: tuition fees would be paid by the state. He also makes reference to the decline of the post-study work permit system that used to exist in the UK; it used to be the case that overseas students at UK universities would get a two year work permit. This was a boon for UK engineering employers - I've employed several such graduates on my projects. The decisions made by the current UK government (and to a lesser extent to the previous Labour government, for they introduced tuition fees, albeit at a lower level) have been harmful to both UK higher education and to UK science and engineering. (an explanatory note to the above: I'm a lecturer (US professor) at a research-led UK university, and the coordinator for an undergraduate computer science degree programme - I know what I'm talking about)

    5. Re:Worker shortage in 2014 by JoeMerchant · · Score: 2

      Friend of mine took her fresh BS degree to work as an Assistant manager at a bank. The pay was o.k. - nothing great, but the next level up, the branch manager - who rolled in around 10, then sat and read the paper most days, but did handle the occasional off the hook customer when they happened, they made double what the Assistants made, the Assistants were the ones responsible for making sure that the daily cash count checked out, directly managing the tellers, opening and closing the branch, etc The branch managers would take an annual retreat to a different fancy resort every year where they, among other things, would decide salary levels for the upcoming year. On good years, the tellers and assistants would get cost of living raises - 2 to sometimes even 5%, while the branch managers and higher ups would usually congratulate themselves on their brilliant strategic handling of the banking business with a 10% raise, plus a bonus of whatever the bank could afford. On years when the bank wasn't doing so well, the rank and file would have to suck it up and keep level pay, or even once a decrease, while the managers would find some reason that they still deserved a 10% raise.

      So, the best suck-up assistants, who also happened to have family connections to the branch managers, might find themselves one day promoted to branch manager when a spot opened up - but, without the family connections, you might spend 20+ years as an assistant. My friend took her BS degree elsewhere after a couple of years of watching this lesson in life up close.

  5. nonsense by onyxruby · · Score: 4, Insightful

    We don't need to pay students to study engineering. We have plenty of engineers. We need to stop paying companies (through tax breaks) to out source engineering. There is no STEM shortage, and this myth needs to mercilessly shot down every time a company executive propagates it.

    1. Re:nonsense by ebno-10db · · Score: 2

      If you're talking about the US, I agree. But the article is about the UK, and as an American I don't really know the situation. I'd love to hear from some Britons.

    2. Re:nonsense by JoeMerchant · · Score: 2

      I'll believe there's a STEM shortage when top engineers are receiving higher than CEO level pay in significant organizations around the country.

      Is there also a CEO shortage?

    3. Re:nonsense by schlachter · · Score: 2

      Is there also a CEO shortage?

      Yes! I hear they're rationing them now, only one per a company.

      --
      My God can beat up your God. Just kidding...don't take offense. I know there's no God.
  6. Re:Why would anyone bother? by Opportunist · · Score: 3, Insightful

    Because I don't enjoy living on 400 bucks a month in a neighborhood where I fear those 400 bucks ain't gonna be mine for long?

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  7. No, Salaries by Roger+W+Moore · · Score: 4, Insightful

    Perhaps a better solution would be for companies to stop paying all the money to the managers and pay more of it to the people who actually make the company work. That way more people will want to get science and engineering because they lead to a valued and well paid job. Why would someone motivated by money take a few thousand pounds from the government now when they can get hundreds of thousands of pounds more over their career doing a far less challenging degree and setting themselves up to become a manager?

    1. Re:No, Salaries by dontbemad · · Score: 4, Insightful

      I don't know how it is in the UK, but as a STEM graduate (and a software engineer), I can't really understand what you're implying about science and engineering not already being well paid jobs. Sure, management generally makes higher than the average engineer, but the average engineer has a pretty high salary as well.

    2. Re:No, Salaries by JoeMerchant · · Score: 4, Insightful

      I like to believe that effective management does contribute value to an organization, perhaps even in proportion to what higher level managers are paid.

      The problems with this are manifold: starting with too many Chiefs and not enough Indians - the unwillingness of higher management to keep lower performing managers at lower levels / pay-grades means you get a bunch of people "up there" who really don't belong, but have managed to not get fired for long enough that they are raised up just based on longevity, or maybe a few rare good performance quarters. Not that there's not value in longevity, loyalty, and deep knowledge of an organization that comes from years of experience, just that longevity by itself isn't valuable.

      Another problem is simple, short time horizon metrics that reward "making it happen NOW" with no regard for long term damage. Constantly moving goal posts that erase long term mistakes from the incentive structure - and higher level management that just doesn't care about the 5 or 10 year horizon.

      Then you've got the ever expanding golden hiring carrots. In order to get talent in the door, inflated positions are offered, sometimes beyond the value of the position to the company, just to win a valuable player away from the competition. This, of course, reaches epically absurd proportions at the CEO level, but I found myself "in line" for a promotion from top-of-the-technical-ladder to a management spot that was open and advertised, but really just a placeholder for someone the company wanted to snag away from a competitor. In theory, there was no top-of-the-technical ladder, but in practice, at that company of 1000 employees, there were roughly 6 engineers at my level, one at the next level up (who was given that spot as a hiring incentive), and no promotions at or above that level in the company history - contrast this with dozens upon dozens of management track promotions, that, regardless of title, were making 10-20% higher base salary and 30% bonuses instead of 10% - just at the next level up, and the bonuses continued to climb to 100% of salary and beyond for the higher levels - which again outnumbered the top-of-the-technical-ladder people by a significant multiple. Except in ethically dubious fields (automated securities trading, anyone?) nobody seems to feel the need to offer large compensation incentives for technical work, but it's out there for management.

      And, thus, even an incompetent manager bringing home $170K/year can be passed off as "Well, at least we're not paying him $300K like that last jerk." but an engineer who makes $125K is "oh my god, we can get 2, maybe 3 good kids from the University for that money."

    3. Re:No, Salaries by tsqr · · Score: 2

      Perhaps a better solution would be for companies to stop paying all the money to the managers and pay more of it to the people who actually make the company work.

      You mean convince the 1% at the top to stop hoarding all of the money? Isn't that how the economy is meant to work?

      Line managers and middle managers are not part of "the 1%". You're talking about executive management and corporate officers, typically vice presidents and CxOs. Those positions are usually so sparse that confiscating most their compensation and redistributing it to the rank and file wouldn't do much to elevate the lifestyle of the rank and file.

      For example, executive compensation at Northrop Grumman in 2012 totalled $64.9 million. Split among the corporation's 70,000 employees, that would come to an extra $927 for the year, pre-tax, which would translate to about $560 net for most engineers. That's a movie with popcorn and sodas for two, once a month, and maybe gas to get to and from the cinema. Not exactly a lifestyle changer.

    4. Re:No, Salaries by bzipitidoo · · Score: 4, Interesting

      But there are many science and engineering jobs with poor pay. Pay for postdocs is low, and shamefully low for grad students taking on teaching fellowships. Internships are another. New or near grads who may already be burdened with massive student loan debt are sold a bill of goods, told that part of their pay is the "valuable" experience they gain, and this justifies paying them a pittance, or even nothing at all-- the infamous unpaid internship.

      And if that isn't enough, what about employers who cheat their regular employees, not just the poor interns? One of the biggest problems with joining some small edgy startup, being mesmerized with the potential, suckered into dreams of great success, wealth, and fame, is that the odds of success are much poorer than they want to believe or admit. The finance folks tend to keep the engineers in the dark about the company's finances, until they can't make payroll. They borrow their engineer's time, knowing full well that if sales continue at the same level this month as in the previous 6 plus months, they will not be able to pay, but wishfully hoping that this month will be different. So the poor engineer wasn't told, and doesn't find out until they've taken a month of work that they can't pay for. Indeed management tends to view engineers as chumps too dumb and narrow to see the larger picture, and also as arrogant about their intelligence, so why not take them to the cleaners and get a little kick out of putting one over on those smarty pants? Helps soothe the sting of failure to screw over a bunch of arrogant engineers they've been jealous of since grade school math class. Then they usually have the cheek to say that the situation will surely improve shortly, the corner will be turned any day now, and ask that the engineers now volunteer further time and effort for free, to be paid back later only if the company succeeds of course. Show your commitment and passion, yeah!

      The 1099 can be another way to cheat the engineer. The engineer is once again suckered with visions of glorious independence and freedom while the "contractee" (*cough* employer *cough*) gets out of all kinds of pesky labor regulations and overhead pay like contributing to unemployment and retirement funds.

      There are some head hunting agencies that are positively predatory. One that I recall insisted that job seekers sign a contract that stated that the employer will pay the agency 1/3 of the new employee's first year of pay, and that if the employer fails to pay this money, then the employee is on the hook for it! I had visions of this being turned into a little scam. Get hired by an employer in cahoots with the agency and who never intended to keep you but instead plans to come up with an excuse to fire you in 91 days. Earn 3 months of pay, owe 4 months of pay. Profit!

      And where is the government while employees are being fleeced? In the employers' corner, having been bought off with generous campaign donations. Might even send the police in to do some union busting.

      --
      Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
    5. Re:No, Salaries by tlhIngan · · Score: 3, Insightful

      Clearly the country doesnt need more STEM graduates, or they'd be paid better. Then no-one would have to pay them to study the subject, because they'd know it would provide them a good income for life.

      The real problem is there is no skills shortage. The shortage is artificial - the jobs are written such as to take advantage of foreign workers and not hire many of the plentiful in-country ones.

      H1Bs, "Temporary" Foreign Workers, etc., there's nothing wrong with them - they're good for the country. However, it's when business managers figure they can use it to pay artificially low wages that's the real problem. And many companies have figured out the system to not hire the recent graduate but to hire a foreign worker instead .

      That, coupled with the unwillingness to invest in employees lead to the current situation.

      Canada had, until last year allowed TFWs to work at up to 15% below market rate. When it was revealed that many companies were abusing this, it was the first provision to go - market rate or bust. Of course, they are all bitching and moaning about how they can't find workers and what not.

      In fact, I would think that if you want to hire abroad, if they're so good at their job that you must have them, go ahead. Feel free to pay 15% above market plus all expenses (housing, food, etc). There are great foreign workers out there, and hiring for external expertise is a great thing to do. And if the job is so specialized that you cannot find anyone local, well, obviously you have to pay up for it anyways.

    6. Re:No, Salaries by gnasher719 · · Score: 2

      There are some head hunting agencies that are positively predatory. One that I recall insisted that job seekers sign a contract that stated that the employer will pay the agency 1/3 of the new employee's first year of pay, and that if the employer fails to pay this money, then the employee is on the hook for it! I had visions of this being turned into a little scam. Get hired by an employer in cahoots with the agency and who never intended to keep you but instead plans to come up with an excuse to fire you in 91 days. Earn 3 months of pay, owe 4 months of pay. Profit!

      Interestingly, that is according to Apple's reports one of the things they are quite successfully fighting in China, with the results that employees have been paid back several million dollars in agency fees. Maybe they should do that in the USA as well?

    7. Re:No, Salaries by dj245 · · Score: 3, Insightful

      But there are many science and engineering jobs with poor pay. Pay for postdocs is low, and shamefully low for grad students taking on teaching fellowships. Internships are another. New or near grads who may already be burdened with massive student loan debt are sold a bill of goods, told that part of their pay is the "valuable" experience they gain, and this justifies paying them a pittance, or even nothing at all-- the infamous unpaid internship.

      Reflects the demand. The market for doctorates or even masters degrees in engineering just isn't that high. Many companies value a master's degree in engineering as having 0 added value. On the other side, Academia is all about the grant money, and there is a finite amount of that. If those skills were in high demand, the payback on the degree would be good. It isn't, and they aren't.

      --
      Even those who arrange and design shrubberies are under considerable economic stress at this period in history.
    8. Re:No, Salaries by jythie · · Score: 2

      Thing is, even when it comes to postdocs and grad students, such people in STEM still do a lot better then their counterparts in other fields.

      While STEM people might complain that their pay is low compared to what they wish it was, on the whole they are doing a lot better then most professions yet seem to have the idea they would be doing better if not for someone taking away their rightful earning (which is probably why you see such a large contingent of libertarianism in STEM, the belief that they are superior and are being held back by the inferior).

      Ok, rant aside, if high earning potential is not enough to get people into STEM, what they should probably be doing is looking into what is discouraging people from studying those fields. Social stigma? HR issues? Hostile working environment (imagine if the gender ratio was even, just how many women could be working in STEM but are not), etc.

    9. Re:No, Salaries by mhajicek · · Score: 2

      I have seen plenty of managers who actually have negative value to the company. The technical workers eventually find workarounds to get things done in spite of the manager, but he's still reducing efficiency.

    10. Re:No, Salaries by Pope · · Score: 2

      The problem is acerbated over time since engineers don't have time or opportunity to procreate, so the next generation has even fewer of them.

      Thank for you for the biggest laugh I've had reading Slashdot in a while.

      --
      It doesn't mean much now, it's built for the future.
    11. Re:No, Salaries by Obfuscant · · Score: 3, Interesting

      But there are many science and engineering jobs with poor pay. Pay for postdocs is low, and shamefully low for grad students taking on teaching fellowships. Internships are another.

      None of those are STEM jobs, they are designed to be short-term support for people who are still in the educational system. This is the same kind of changed thinking that has turned the minimum-wage entry-level cashier job at Mickey-D's into what people consider a long-term family-supporting job.

      But anecdotal evidence is the best kind, so I'll just add that when I was in graduate school the stipend was sufficient to live a reasonable life. Not plush, not with a new car every year and a three bedroom house, but sufficient to meet my needs and most of my wants.

      And if that isn't enough, what about employers who cheat their regular employees,

      Fraud and breach of contract are still fraud and breach of contract. Should there be a special class for those laws called "STEM crimes" to go along with the "hate crimes" classification that ups the penalties for other already-illegal things?

    12. Re:No, Salaries by JoeMerchant · · Score: 2

      Well, as an "EE fresh out" in '88, I couldn't get arrested in NYC - I might have landed a $7/hr intern gig with Kepco in Flushing, and if I got a whole lot of .X25 for my resume I might have become a cable squirrel for $25K/yr.... then, I had a currently in-style $50 haircut, and I got a $2 shoe shine before an interview, paired up with a $2 red silk tie from a street vendor and the hiring agent was sure she could get me a job with the Kidder Peabody investment banking firm because I had "the look", confirmed by overtly checking out my shoes through the glass interview table. She just glossed over my resume - University of whatever - computer stuff, right? Yeah, they need computer guys there. Probably starting around $30K. A tiny one bedroom apartment in the city ran around $1200/month at the time - so, 25% of your salary in taxes, 50% in rent, unless you bunk up with someone - would have left a whole $20/day to live off of - kingly.

      I think the HFT guys can at least afford a terrace.

    13. Re:No, Salaries by Immerman · · Score: 2

      Oh, the 1% definitely have their boots on the necks of the 90%, and hell, I think it's actually only the 0.1% are as well off as they would be if income inequality had held steady at 1970 levels. But the fact is the 10% have still been in the crowd that's benefited from the growth of our economy, while everyone else has lost. If they say nothing to correct the imbalance, where do you suppose battle lines will be drawn?

      >Bear in mind that to get the $927 before-tax raise I mentioned would require the confiscation of all executive compensation, not just "a degree" of income equalization. Which raises the question, "What constitutes 'a degree' of income equalization?"

      And? 30 years ago executives were plenty motivated enough, and made around 10x less relative to the rank-and file. Redistributing the 90% that's "ill-gotten gains" will still get $834 to the hypothetical average employee.

      > Do you consider anyone the enemy, whose lot in life has been improving consistently for a significant period of time?

      If that improvement has been at the expense of myself and/or my friends? Yes. Yes I do. And that's exactly what has happened to the top 10%. The average inflation-adjusted income in the US has grown by ~$12K in the last thirty years, however all of that economic growth has only benefited the top 10%, everyone else has been been in decline. In a very real way the increasing income of those at the top are coming directly out of the pockets of everyone else. And that's exactly what's happening as wealth flows uphill - it's not like the executives

      Income inequality in the US is already at the point that, historically, has made revolutions far more likely, and as recent world history has shown being a democracy on paper doesn't grant a country some magical immunity if the leadership ignores the voice of the people. I think the 10% would be well advised to take a long hard look at how they are perceived, and decide whether they really want to be allied with the nobles or the peasantry in the coming revolution, because if income inequality keeps increasing like it has been it's not a question of if it will happen, but when. Right now they're the lap-dogs - they're still losing out to the 1%ers, but are getting enough crumbs from the table to at least let their incomes continue to improve. If they don't start wielding some of those crumbs of wealth and power on the behalf of the 90% against the 1%, then by what right do they call for clemency when the tables have turned? The 0.1%ers will escape largely unscathed - they always do, and the 1%ers will be busy trying to throw somebody else under the bus to save their own hides - and who do you suppose that will be?

      --
      --- Most topics have many sides worth arguing, allow me to take one opposite you.
  8. Free education by jones_supa · · Score: 4, Insightful

    Even the so called "free education" is a bit dubious in Finland. In addition to a steady rate of achieving study credits (fair enough) which warrant your student benefit, the new system limits receiving the benefit to 4 years max. If you haven't graduated in that period, it's GTFO unless you have a side job. You cannot even raise more student loan as it is government-backed and tied to the student benefit. Now when you are forced to drop out of school in this situation, you suddenly get luxurious social welfare support which is more than enough money for good living. Studying should be the more attractive deal, not drinking booze at home.

    1. Re:Free education by Megol · · Score: 2
      Now this sounds very much as bullshit so I took some time to try to find any facts in the area:

      Let's say one live in an apartment that costs €250/month then one can get ~€600 benefit + loan + €200 for rent (80% of €250): €800

      So how much is the social welfare? Well from what I can find it's €480 but I can't find any explicit mention of extra support for housing/rent costs, I'll assume that one can get it at the same rate as above: €200 which gives a sum of: €680

      Significantly less money, money that is _conditional_. You call that attractive?!?

      Are you a "perussuomalaiset"/sannfinländare per chance? They tend to have problems thinking...

  9. I thought he was in marketing. by csumpi · · Score: 2

    I thought his strong suit was in marketing. Selling those crappy looking vacuums and fans for astronomical prices, that at best perform at the level of products 1/4 of their price tag.

  10. delayed gratification was the original model. by nimbius · · Score: 4, Insightful

    these are just the ramblings of an old man, so feel free to skip em but I remember Studying, the academic pursuit of higher education that is, was originally predicated on the ostensible monetary success ones career may bring. Doctors and Engineers were paid much more handsomely for their services than artists and english majors. in return they enjoyed much more demanding work some would argue.

    with the encroachment of privatized education this is no longer the case. the monetary shackles of student loans are interminable and ensure that no matter how successful an engineer may be, they are ultimately relegated for a substantial portion of their adult lives to subsistence living. Engineers, like english and philosophy majors, dont just "get a job" after college anymore. In fact many students watching newly minted engineers join the workforce as hamburger cooks and third shift walmart drones would just as soon skip the college experience entirely.

    and what about the successful engineers? shops when faced with pressure to make wages more competitive have instead lobbied for more cheap H-1B visas and interns. Code is written in the Phillipines, and hardware assembled in Taiwan. Greybeards like myself sit in cubicles and 'kindly do the needful' to turn a rather mocking phrase while the rank and file, what we hire for simple CAD or EE work, is mandated to start with 5 years experience and an advanced degree. It guarantees we never hire anything that comes out of the alma mater.

    --
    Good people go to bed earlier.
  11. Why controversial? was true for 1980s students by fantomas · · Score: 3, Informative

    Not sure why the article describes this a "controversial proposal". In the 1980s in the UK many (all?) undergraduates got grants (scholarships from the state for living expenses) as well as all their course fees paid.

    Perhaps it's an indication of how politics have changed that the proposal to reinstate something the people assumed was a normal expenditure by the government of the day, both left and right wing, for several decades (state support of people undertaking university studies) is now considered "controversial".

    Ah happy memories of the grant cheque coming in, bank managers trying to appear down with the kids to get them to sign up for their first bank account with that large cheque and more to follow, financial management learnt by many who hadn't previously had anything more than their weekly income from a paper round striding down the streets of a big new city with three months of bed and board advance payments burning a hole in their pockets...

  12. Science and engineering in basket case UK by Wowsers · · Score: 2

    The UK is a basket case, it treats the arts in higher esteem than the sciences and engineering (unlike countries like Germany). The general public in the UK don't like people who takes sciences (how popular are science nerds/geeks compared to jocks in school?) Money is thrown at the arts like it's going out of fashion, the scienes however always have funding problems.

    When I studied at university, the arts students were the ones who had lots of time to prop up the student bars, and could get any books they wanted very cheaply (say £5), whereas for sciences, it was normal to spend £50+ for just one book.

    In the UK, the amount of effort you put into a science degree and pay you get, is inversely proportional to the effort and pay the arts students get (unless you're really really good in your chosen science subject)

    So of course, the sciences should have their courses paid for compared to the arts. But I would add to that, to prevent people jumping onto a science course because it's free, they MUST have studied science courses and have good grades in them from lower schools before getting to university. This should prevent students from moving courses.

    --
    Take Nobody's Word For It.
  13. In the UK, we used to give grants to study. by hughbar · · Score: 2

    We used in the 1960s/1970s to give grants to study at university rather than the USA-style debt/indenture system we have now. At that stage, we had fewer universities, since we hadn't converted our polytechnics, many of which were rubbish, into 'universities'. Also, most of the degree were in actual subjects, science, maths, engineering and english, history, geography, for example.

    Now we have media studies, we had kite flying for a while at Thames Valley. In short, the worst of all possible worlds, basically by 'financialising' the system and expanding it in a very thoughtless way. The debt and high fee make it difficult for working class kids too, in my time they would have had a full grant, though they would have probably had to work a little in vacation time. I did.

    So I agree somewhat with Dyson. He's a little younger than me and probably remembers the older system.

    --
    On y va, qui mal y pense!
  14. No, not scholarships by PopeRatzo · · Score: 2

    The phrase he seems to be looking for is "we need scholarships for engineering students".

    Absolutely not. Scholarships pay schools, not students. We need to make it so that students who are studying needed professions end up with something in their pockets besides massive debt.

    "Scholarships" are just redistributive, upwards. They make sure school administrations are wealthy and corporations have a guaranteed workforce that's so needy they'll work cheap.

    Higher education has become another method of exploitation.

    --
    You are welcome on my lawn.
    1. Re:No, not scholarships by TheRaven64 · · Score: 2

      Absolutely not. Scholarships pay schools, not students

      That's not true. Scholarships (in the UK, at least) usually come with a maintenance grant and so, as well as covering the cost of tuition, they will provide the student with money to cover their cost of living.

      --
      I am TheRaven on Soylent News
  15. First he came for the bags on the Hoovers by korbulon · · Score: 2

    And I said nothing because I had tiled floors.

    Then he came for the blades on the fans -- and I said nothing because I have centralized air conditioning.

    Then he came for the hand towels in public bathrooms -- and I said nothing because I never wash my hands.

    Them he came for my jobs with his relaxed visa requirements for foreign nationals --- and DEY TUK ER JURBS!

  16. Re:Bagless Vacuum by tibit · · Score: 2

    As someone who has had a DC14 for 8 years now, I call bullshit on that. There are no replaceable filters. Well, there are two filters, total. One is a lifetime HEPA filter that I've replaced 4 years ago methinks, simply out of boredom. It didn't have to be replaced. There is a washable foam filter that you're supposed to wash and dry every few weeks or so. No big deal. You don't replace it, you just wash it, dry it, and put it back. So yeah - it's replaceable if by "replace" you mean "put it back where you took it from".

    Dumping the canister into a plastic bag, when done properly, produces no big dust clouds. It takes a bit of dexterity and skill to do it that way, but again, it's something you learn if only you care to learn, that is.

    This vacuum dumps out air that's cleaner than the air it sucks in, even if you ran it standing on your desk instead of your floor. It's an absolutely brilliant design when it comes to the air path. It has some usability bugs when it comes to the hose and cord retention area, but those are things you can live with. They are secondary to the primary function: that of, you know, vacuuming.

    --
    A successful API design takes a mixture of software design and pedagogy.
  17. Too few or too many, which is myth? by Theovon · · Score: 4, Interesting

    I keep hearing two contradictory theories:

    (1) There aren’t enough STEM graduates for the jobs available. Crisis for the tech industry!
    (2) There are too few job openings for the massive numbers of STEM graduates. Crisis for unemployment!

    Are these things really contradictory? Or are both true? For both of them to be true, then what we really have is an education crisis, where we’re putting too many losers on the job market. Businesses get lots of applicants, but most of them are fundamentally unhirable, because they’re morons. So although the number of applicants may well exceed the number of openings, only a small fraction are worth hiring.

    There seems to be plenty of hiring for low-pay code monkey and short-term contract jobs, and those seem to dominate the tech industry. So any engineering student who can think his or her way out of a paper bag complains they can’t find work because the jobs that are available are utter shit. So perhaps on that basis, we can rewrite the two hypotheses above:

    (1) There aren’t enough REALLY GOOD STEM graduates. In fact, businesses are forced to assume (on the weight of massive statistics) that ALL of them are idiots.
    (2) There aren’t enough good-paying tech jobs, because most of the jobs are parceled out to code monkeys by businesses structured around that kind of employee.

  18. Free University access & Guaranteed base incom by prefec2 · · Score: 3, Informative

    It will not work. In Germany, university access is free and you can even get some state money to finance your studies. While this is generally a good idea (and bad implemented in Germany), they have no positive effect on the number of engineering students. Its very simple: You do not study engineering if you do not want be an engineer. Most people are not interested in engineering. If you want to change the number of students, change their interest. Money is not a good motivator for such a university topic.

  19. Re:How about... by bzipitidoo · · Score: 2

    Why not provide college education for free, like we do with high school education? Are we so afraid that will breed irresponsibility and entitlement?

    One weird thing about the way education works in the US is the transition from high school to college. High school is free to the students, because education is seen as necessary for a democratic society to function somewhat intelligently. But college should be paid for, because education is valuable. High school students are still children in the care of their elders, college students are suddenly now adults, responsible for themselves, and expected to pay their own way and to be grateful for whatever help their parents give them, because parents don't have to help their adult children. The goal of high school is to educate everyone, in public universities, the goal in the first year is to "weed out" the "weak" students. When I was an undergrad, the graduation rate of the College of Engineering was a dismal 20%, and this was thought normal.

    What other business could possibly do such a poor job of serving its customers and survive? We even have this whole student loan system designed to enable penniless students to pay the massive costs of education later, with a generous premium to the financiers for taking such heinous risks on people with no credit histories. It amazes me the extent to which this abrupt transition is so meekly accepted. To compund matters, we've been dismantling our support for college education so that public schools have had little choice but to make huge hikes in tuition. We've been exploring alternative ideas such as MOOCs, and this is good, but so far not enough, not yet a serious threat to the traditional lecture class. They've also sought more dubious sources of money. There's the textbook scam, in which publishers have been given way too much power. And then there's college football, the very sort of thing that promotes partying and undermines the main point of school. Whie I find college football mildly interesting, and want there to be opportunities to relax and enjoy life a little, I wouldn't mind in the least if the NCAA shut down and every school in the nation ended their football program, and worked on making math and chess competitions and such cerebral sports more telegenic and popular.

    The government budget must be balanced-- on the backs of the poor and the young! Then, after gutting public university funding, they scream that we have a shortage of STEM workers?

    --
    Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
  20. better idea: reward their jobs better by stenvar · · Score: 2, Insightful

    In Europe, many engineers are paid not all that differently from other professions that are much less demanding and specialized. If they make higher salaries, much of that difference is eaten up by progressive taxation. Socially, many European intellectuals look down their noses at applied disciplines and pride themselves in their inability to comprehend math, physics, and engineering. What motivation do you think people have to acquire highly specialized skills and take on high responsibility if society tells them that their skills and responsibilities aren't valued, either financially or intellectually?

    And similar mechanisms are taking hold in the US. Progressives in Silicon Valley have been protesting well-paid software engineers and become downright hostile to technology, Democrats are constantly calling for increasingly higher tax burdens on high income earners, etc. All of those efforts target and discourage successful engineers, who are usually in the top income quintile (and really good ones are 1%-ers, not really a stretch given that their skills easily exceed those of 99% of all Americans).

    You want more skilled engineers? Start valuing their contributions, and stop trying to forcibly reduce income inequality.

  21. Rather than use taxes to pay for industry training by VeryVito · · Score: 2

    ...how about we start asking employers to train their own damned employees for a while? Maybe even invest a little money into acquiring the skills they require? This seemed to work in the past, back before companies decided it was now the governments job to provide fodder for their factories.

  22. Re:Tuition and living expenses [No, not scholarshi by Immerman · · Score: 2

    Well said.

    Now if they wanted to abolish loans, that might make more sense. The real achievers who are likely to truly benefit from higher education will mostly qualify for scholarships, and the ones who would just get a piece of paper and a mountain of debt will be poorer by a piece of paper, and richer by a mountain.

    Of course we also need to change the business culture that's started requiring degrees for ditch diggers and fry cooks - yes the degree shows that they can self-manage to some degree, but the education itself is unlikely to benefit you at all, and will tend to make your employees resent what might otherwise be a respectable blue-collar job. Plus the fact that they're working for you despite having a degree shows that their judgement in getting the degree and/or looking for work is heavily suspect. And frankly even among the rank and file, poor judgement is likely to cost you a lot more than the ability to self-manage will gain you.

    --
    --- Most topics have many sides worth arguing, allow me to take one opposite you.