If we don't have enough college graduates, can we compete with China? Some of our business people wave this question off as silly and make condescending noises about the solid base of American innovation -- and yet, without engineers, physicists, and sufficient leavening by poets and historians, we don't really stand a chance. Look, GE is building MRI machines in China now so why would they need to pay Americans, in West Bend or Kewaskum, American wages?
Supply-Side Education - ChronicleReview.com
Something to think about.