Tuesday, August 23, 2011
Engineering and Trades Up, Banking Down
In the past few weeks, I've encountered numerous stories about increased hiring by corporate industry giants such as Seimens Technology and GE. At the same time, Bank of America, HSBC, and UBS are all announcing large scale layoffs over the next couple years. So, perhaps last decade's trend of the best and brightest math and science minds going into finance for a quick score has crested, and we may see a return to engineering colleges and a new rise in innovation. Additionally, the stories at Seimens and GE indicate that they are seeking skilled labor as well. That will mean a rising need for technical workers. It's doubtful that politicians and education leaders will have enough foresight to prime the pump for this growth. But I'm hoping.