To the Editor,
I have been reading your recent readers’ letters about electronic engineering in the United States and find the views presented highly pessimistic.
I feel that you have to stand back and question the reasons behind the "brain drain" and why this is causing such a high sense of insecurity in the United States. I believe that as shareholders in the U.S. economy we are all to blame for wanting high growth and return on our investments. If one was to ask can you achieve a longer term goal without the relentless drive for quarterly profits my personal belief is yes. Given this, the present situation is also bringing a sense of balance between the developed world, India and China.
The immensely high quality of life that the developed world has grown used to since World War II is being balanced by the growth of India, China and Brazil. This was also true when the tiger economies of the Far East began to grow and at that time it did not cause much of an issue due to the small population size of those countries.
I recommend that policy makers, the IEEE and all people concerned in encourage our kids to study engineering, science and mathematics to sustain and grow the efforts that we have all worked towards. More importantly I recommend a change of the corporate culture towards longer-term stability and away from the pursuit short-term growth.
These two areas of focus should allow us to sustain, compete and develop beyond the short-term goal of quarterly returns. Also each one of us should re-align our expectations of material wealth, financial growth and outlook on society collectively. If the United States does not do this in a holistic way, other countries will overtake the United States in all most any area you may want to mention.
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