[theskypirate]

This couldn't possibly be more wrong – we need fewer engineers, not more. We face two inescapable realities:

1. Hardware engineers should be located near manufacturing facilities, and should speak the same language as factory workers.

2. The economy in its infinite wisdom is signaling that Software engineers are more valuable than hardware engineers. Assembling and optimizing the logic of human society is an extremely productive task, and results in huge profits for companies. For unit of time it is more productive to write backend software which controls the behavior of physical objects, than to re-design physical objects to be marginally more efficient.

There are lots of engineering grads getting jobs – in East Asia, earning a fraction of the salaries here, and working 12 hour days 6 days per week. US engineering graduates are retraining en-masse to be software engineers. The average newly minted hardware engineer graduate has a very low chance of finding a job, and will likely end up earning less than a skilled laborer. The lives of talented Americans are valuable, and should not be wasted learning unneeded skills.