Tuesday, March 27, 2007

How the World Works - Salon.com

How the World Works - Salon.com: "So when we looked at the supply of graduate and post-graduate degrees, we saw a real problem. Whereas 92% of undergraduate students were American born, this wasn't so with graduate and post-graduate.

What's more, the trend was alarming. U.S. PhD's were increasingly going to foreigners, and China's PhD production increased by a factor of 5 over a decade. Most of China's graduates aren't leaving China and an increasing number of Chinese students in the U.S. are returning home.

My recommendations are that we make it worthwhile for Americans to complete graduate and post-graduate degrees -- these are not cost justified right now. This is not a matter of discouraging students by creating a fear of jobs being outsourced -- as was the case with undergraduate degrees -- here it's all about economics."

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