Paul Craig Roberts hits the nail on the head once again.Please Read.

[KlatooBNikto]

In his latest article titled AMERICA'S HAS BEEN ECONOMY, Paul Craig Roberts says that many of our corporations have become brand names only with all manufacturing done in Asia.That little trickle started about twenty years ago has turned into a tide with design, innovation, research and development all moving to Asia in quick order.

Link: http://www.counterpunch.com/roberts03162005.html

He says that as engineering, design, research and development work moves overseas, the future prospects for our graduates from the elite engineering colleges is getting bleaker by the day. Many College Deans are aware of the problem because they have to deal with it every day.Highly educated students from India, China, Taiwan, Korea and other countries are being "imported" on H1B and L1 visas doing the work at their home country wages depriving our students of a living and, more importantly, the experience they need to stay current with their skills.

If anything, I believe, Paul Craig Roberts understates the problems in education we face. It is very likely that some of our best universities and technical coleges including the elite MIT, Caltech, Carnegie Mellon and others have already set up campuses in India and China staffed by native Professors.Because the cost of undergraduate and graduate education in India and China is only a fraction of our costs, I can foresee a time when there will be a stampede of students from the U.S. to these countries.Our local professors may well become unemployed unless they are willing to move overseas.

Should I laugh or cry at the thought of MIT and Caltech becoming brand names?

[dbeach]

1. COLLEGE

in USA will BE LESS affordable for middle class..
fewer grants ..more loans with higher interest rates...
then kids will think about those Vets benefits..join the Army and get tuition paid by govt..

BC,BU Brandeis cost $170,000 for 4 yrs while state colleges raise prices..
Its a huge scam..

What changed the face of education was the WW II GI Bill which afforded the working class to attend college..
repukes hate these types of programs and are determined to destroy the college programs and any programs that benefit working or midle class

[jackster]

2. every day more news...

we are doomed

when are we going to REVOLT?

[Strelnikov_]

3. Gee, Thanks Carly

Corporations such as Dell, Motorola, and Philips, which are regarded as manufacturers based in proprietary design and core intellectual property originating in R&D departments, now put their brand names on complete products that are designed, engineered, and manufactured in Asia by "original-design manufacturers" (ODM).

Business Week reports that practically overnight large percentages of cell phones, notebook PCs, digital cameras, MP3 players, and personal digital assistants are produced by original-design manufacturers. Business Week quotes an executive of a Taiwanese ODM: "Customers used to participate in design two or three years back. But starting last year, many just take our product."

. . .

The design and engineering teams of Asian ODMs are expanding rapidly, while those of major US corporations are shrinking. Business Week reports that R&D budgets at such technology companies as Hewlett Packard, Cisco, Motorola, Lucent Technologies, Ericsson, and Nokia are being scaled back.

[Tactical Progressive]

4. Link to this everywhere

you go on the internet.