There are certainly a large number of engineers being produced - that doesn't mean they're employable. When you have training companies saying that "75 percent of engineering graduates are not employable,"[0] you know you have a serious problem.
And of course the outsourcing industry is doing well - you have plenty of American companies eager to outsource back-office programming in order to make their next quarterly earnings report look more impressive. This is just one symptom of the MBAification of American businesses, something that cannot continue unabated if long-term success is a goal.
One company you won't hear about much when it comes to outsourcing is Apple. They have an office in Bangalore, but they don't have the sort of branches that Microsoft or Google do. Why? Because they care about quality, even if that means paying their engineers more. If they hire Indian engineers, they'd rather that they come and work in Cupertino, rather than trying to cut costs by leaving them in India. And look where it's gotten them - more than $100 billion sitting in the bank and some of the most popular and profitable consumer electronics out there.
And of course the outsourcing industry is doing well - you have plenty of American companies eager to outsource back-office programming in order to make their next quarterly earnings report look more impressive. This is just one symptom of the MBAification of American businesses, something that cannot continue unabated if long-term success is a goal.
One company you won't hear about much when it comes to outsourcing is Apple. They have an office in Bangalore, but they don't have the sort of branches that Microsoft or Google do. Why? Because they care about quality, even if that means paying their engineers more. If they hire Indian engineers, they'd rather that they come and work in Cupertino, rather than trying to cut costs by leaving them in India. And look where it's gotten them - more than $100 billion sitting in the bank and some of the most popular and profitable consumer electronics out there.
0: http://www.rediff.com/getahead/slide-show/slide-show-1-caree...