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March 19, 2010 – Comments (8)

 Wages are in so much trouble...

Xi’an — a city about 600 miles southwest of Beijing known for the discovery nearby of 2,200-year-old terra cotta warriors — has 47 universities and other institutions of higher learning, churning out engineers with master’s degrees who can be hired for $730 a month.

8 Comments – Post Your Own

#1) On March 20, 2010 at 2:48 AM, VExplorer (29.65) wrote:

Any Eng in US should don't like it. Only Drs should be more sad. Not bad Doc can be hired for $500.

Thruth is: It's pretty hard to find GOOD Eng where. If you will find $730 will enouth if living cost $400 for family of four. But...

Cost of living is growing where. Real inflation very, VERY high. So high, salaries of professional not growing as fast as prices and labor force/education quality going down. World is in real troubles/inbalances.

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#2) On March 20, 2010 at 9:23 AM, loriyacht (32.83) wrote:

I don't know, Dwot, I don't think it's possible to turn out qualified, competent engineers at that pace.  Just because they have a master's degree from a university in China, doesn't really tell me that they know what they are doing. 

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#3) On March 20, 2010 at 9:39 AM, dwot (40.93) wrote:

loriyacht, it points to the serious level of world wide wage arbitration.  If you have not watched the video linked to my post, "The Prophet," do so.

And, in my search for that video, I found a link to a post on the effects of the downward spiral of declining wages

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#4) On March 20, 2010 at 12:32 PM, whereaminow (< 20) wrote:

The starting salary for engineers should be whatever the market can bear. No one is guaranteed a wage.  If universities are churning out engineers at too high a rate, then either the students should get a clue and pursue a different career path, or the universities should get a clue and find out what the market is looking for, or both.

Americans can not prevent other countries from attempting to take advantage of the capital goods investment that created the IT field.  Americans need to adapt or perish.  I compete every day for my job with literally millions of Indians, Filipinos and Chinese with excellent credentials that would love to take it for less. I don't have a choice but to keep plugging away.  If I find myself out of a job one day, it will be my own damn fault.  There's no rule that says you are done studying when you start working. 

Life is tough.  It's tougher if you're stupid.

I am also thankful that I never wasted my money on a college degree.  I echo loriyacht above.  Most of these kids probably won't be worth the $730/month, let alone what I make.  If you want to see a mediocre IT employee, look at their greatest accomplishment.  If it's his/her degree, bingo!

David in Qatar

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#5) On March 20, 2010 at 12:35 PM, JibJabs (86.50) wrote:

"I don't know, Dwot, I don't think it's possible to turn out qualified, competent engineers at that pace.  Just because they have a master's degree from a university in China, doesn't really tell me that they know what they are doing. "

Agreed. And I teach at a university in China. 

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#6) On March 20, 2010 at 8:28 PM, ttboydxb (28.84) wrote:

I live in Dubai, lots of guys and gals with "Degrees" here (mostly from China and India).  PLEASE trust me DWOT, I heard the same worry when I lived in Canada, but once you personally meet these "Engineers" with "Degrees" you will see there is NO need to worry, none....

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#7) On March 21, 2010 at 3:10 AM, dibble905 (< 20) wrote:

A degree is only worth as much as the Institution's credibility.
If your employer hasn't heard of the Institution before, I doubt they'll be hiring from them either.

The issue comes more with professional firms in developing countries which claim to do certain work, cheaper, and of the same quality as the firms in developed countries which hire... say, MIT grads. Or rather, even if the quality is lower, because of the cost benefit, firms in developed countries outsource to them.

Fools, its not about being angry nor is it about life being fair. This is what the world is doing. Its a growing trend and it will not stop. Take it as fact, learn to adapt, and you will do fine.

Also, come to your senses. If you can prove that you can do work no other can do, you are one of a kind. No degree is needed for that; just your own credibility and experiences to back it up. 

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#8) On March 21, 2010 at 10:48 PM, Eudemonic (64.35) wrote:

Rolex sells for $20,000.

Timex sells for $45. 

Both will tell me what time it is. Both companies are still in business.

My point: There's a lot of cheap crap out there, yet people will pay  more, even a lot more depending on what's in the package.

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