Will Engineering ever be profitable again?

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In summary, the conversation discusses the potential shortage of engineers in the future and whether outsourcing will play a role in filling the demand for engineers. The dean of engineering at UT Austin believes that while outsourcing is inevitable, American colleges will focus on teaching students higher level skills in engineering. The group also discusses the impact of baby boomers retiring and whether it will open up job markets or lead to more outsourcing. There is also consideration given to where countries like India and SE Asia will outsource from, and the potential for a balance in demand for engineers among different countries. Ultimately, it is believed that engineering will always be a profitable field.
  • #1
avant-garde
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Why do they say that there will be a shortage of engineers in the future?

Doesn't make sense. I was talking to the dean of engineering at UT Austin and he told me to consider engineering because there will be "a major shortage of engineers in the US"... welll I asked him about outsourcing, and he said it as inevitable but that colleges will teach American students to do the "less detailed work, higher level planning, design, etc..."


Will the fact that many baby boomers retiring open up job markets, or will it just be an excuse for more companies to outsource?


Also,
Don't you think that outsourcing will lessen in the forseeable future? Where will India fill their demand for engineers? outsource from SE Asia? Where will SE Asia fill their demands for engineers? outsource from the US? It seems like numbers are eventually going to HAVE to balance out, since each country will have a domestic demand high enough to pay them more than or equally as the US does.
 
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  • #2
Hasn't this question already been asked?


and yes, with many baby boomers retiring, there will be a gap for the more technical jobs in the U.S.


Engineering will always be profitable. Then again it also depends on what you mean by profitable.
 
  • #3


I cannot predict with certainty whether or not engineering will be profitable again in the future. However, it is important to note that the field of engineering is constantly evolving and adapting to new technologies and industries. This means that there will always be a need for engineers to design, plan, and innovate in various fields.

The statement about a shortage of engineers in the future is often discussed in the context of the aging workforce in the engineering industry. As many baby boomers retire, there will be a need for new engineers to fill their positions. However, this does not necessarily mean that there will be a shortage of engineers overall. It may simply mean that there will be a need for more engineers in certain fields or industries.

The issue of outsourcing in the engineering industry is a complex one. While it is true that some companies may outsource certain tasks or projects, there will always be a need for engineers in the United States. As the dean of engineering at UT Austin mentioned, American students will be taught to focus on higher level planning and design, which are difficult to outsource. Additionally, as you mentioned, outsourcing may eventually balance out as other countries develop their own demand for engineers.

In conclusion, engineering may face challenges and changes in the future, but it is a vital field that will continue to be profitable and in demand. I encourage individuals to pursue their interests and passions in engineering and contribute to the ever-evolving world of technology and innovation.
 

FAQ: Will Engineering ever be profitable again?

Will there be a demand for engineering in the future?

Yes, engineering has always been and will continue to be essential in creating and maintaining the technology and infrastructure that we rely on in our daily lives.

How can engineering be profitable again?

Engineering can become profitable again by focusing on innovation and finding solutions to current and future problems. Companies can also cut costs and increase efficiency to improve their profitability.

What industries will see the most growth in engineering?

Industries such as renewable energy, biotechnology, and artificial intelligence are expected to see significant growth in the coming years, providing opportunities for engineering to be profitable.

How can engineers stay current and relevant in the job market?

Engineers can stay current by continuously learning and updating their skills to adapt to new technologies and industry demands. Networking and staying connected with other professionals in the field can also help in finding new job opportunities.

Is it worth investing in an engineering degree?

Yes, an engineering degree is still a valuable investment as it provides a strong foundation in problem-solving, critical thinking, and technical skills that are highly sought after in various industries. Additionally, with the growth of emerging technologies, the demand for skilled engineers is expected to increase in the future.

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