tag:blogger.com,1999:blog-19711840.post7386111816487862431..comments2023-04-01T02:16:28.283-07:00Comments on An Engineer's Options & Futures: Unemployed EngineersSundar Srinivasanhttp://www.blogger.com/profile/07558401207097133444noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-19711840.post-29155203491325476542012-10-24T13:03:30.309-07:002012-10-24T13:03:30.309-07:00Sadly, there are 101,000 U.S.-born individuals wit...Sadly, there are 101,000 U.S.-born individuals with an engineering degree who are unemployed. Not only that, 244,000 U.S.-born individuals under the age of 65 who have a degree in engineering are not in the labor market, which means that they are neither working nor looking for work, hence, they are not counted as unemployed.Sherlock Besthttp://www.granted.com/browse-jobs/cat-Engineering-jobs.htmlnoreply@blogger.comtag:blogger.com,1999:blog-19711840.post-33010919906745687952011-01-30T19:31:43.701-08:002011-01-30T19:31:43.701-08:00It doesn't make a difference if the economy re...It doesn't make a difference if the economy recovers. The situation that causes Engineers to be unappreciated and long term unemployed remains the same. It is the massive outsourcing / insourcing. Congress long time ago sold out on our countrty's professionals. So what is the point of investing in Education, when you no longer have any possibility of providing jobs to those that are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19711840.post-53387200821479917622010-03-24T10:48:25.669-07:002010-03-24T10:48:25.669-07:00@Anonymous (the second one)
A very good point. GDP...@Anonymous (the second one)<br />A very good point. GDP is a good indicator of economic growth. I totally agree. That empirical relationship is called Okun's Law or Okun's rule of thumb.<br /><br />But the problem is, there is a latency between the rate of change of GDP and that of unemployment. So you may still observe a good GDP with low unemployment for a period that follows a Sundar Srinivasanhttps://www.blogger.com/profile/07558401207097133444noreply@blogger.comtag:blogger.com,1999:blog-19711840.post-8246304042836958362010-03-24T08:46:54.443-07:002010-03-24T08:46:54.443-07:00GDP does make a big different in economic growth. ...GDP does make a big different in economic growth. if a country has a very high GDP, then it is expected to have a very low unemployment rate like the old us which was 8%<br />and if a country has low GDP it is expected to have high unemployment rate like Zimbabwe which is over 90% of the entire population.<br /><br /><br />and about the EE i really feel sorry for them and myself. I am an Aero.E Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19711840.post-53946759284013070242010-03-07T00:39:47.125-08:002010-03-07T00:39:47.125-08:00@Anonymous
"GDP has nothing to do with econom...@Anonymous<br />"GDP has nothing to do with economic growth or health"<br />Well, GDP is not a single and sufficient indicator of the economic growth or health. But it is certainly one of the important factor. I disagree with your assertion that it has nothing to do with economic growth/health. It certainly has something to do, but not everything. <br />It's just like Sundar Srinivasanhttps://www.blogger.com/profile/07558401207097133444noreply@blogger.comtag:blogger.com,1999:blog-19711840.post-6819362710616010432010-03-05T21:27:09.857-08:002010-03-05T21:27:09.857-08:00There is no such thing as a jobless recovery. GDP ...There is no such thing as a jobless recovery. GDP has nothing to do with economic growth or health.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19711840.post-4458758936172579962009-09-14T04:42:19.375-07:002009-09-14T04:42:19.375-07:00hmmm! :-(hmmm! :-(புல்லட்https://www.blogger.com/profile/11049433790744948251noreply@blogger.com