Comments on: Science Careers are “Hot” Again http://blog.ajlisy.com/2009/02/trade-idea-sell-wall-street-buy-science/ Linux, finance, rants, politics Thu, 13 May 2010 07:14:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Randy http://blog.ajlisy.com/2009/02/trade-idea-sell-wall-street-buy-science/comment-page-1/#comment-1271 Randy Thu, 13 May 2010 07:14:09 +0000 http://blog.ajlisy.com/?p=135#comment-1271 Selling Science Careers? Twenty years ago it was said in our press that Engineering and Science careers are the key to problem solving for our future. I am an averaged IQ follower who tortured myself into honest A's and B's in Physics and Calculas....through to a bachelor's degree, wanting to believe. The result was a twenty year life of frustration. Companies were convinced that acquisition or be closed was their only viable solution. Collisions and merging in sake of the almighty dollar took place and it had no regard for the sake of ordinary human beings. I survived three company closings and multiple departments dissolved. I lost friends again and again as we move away. People with beautiful families become lost and hurt for long periods, trying to recover. Still today, the preaching goes across our press rationalizing for more science. There needs to be a balanced message that helps temper young willing curiosities. Selling Science Careers?

Twenty years ago it was said in our press that Engineering and Science careers are the key to problem solving for our future. I am an averaged IQ follower who tortured myself into honest A’s and B’s in Physics and Calculas….through to a bachelor’s degree, wanting to believe. The result was a twenty year life of frustration. Companies were convinced that acquisition or be closed was their only viable solution. Collisions and merging in sake of the almighty dollar took place and it had no regard for the sake of ordinary human beings. I survived three company closings and multiple departments dissolved. I lost friends again and again as we move away. People with beautiful families become lost and hurt for long periods, trying to recover. Still today, the preaching goes across our press rationalizing for more science. There needs to be a balanced message that helps temper young willing curiosities.

]]> By: 7 Ways the Recession Will Ultimately Improve America | Random Musings http://blog.ajlisy.com/2009/02/trade-idea-sell-wall-street-buy-science/comment-page-1/#comment-34 7 Ways the Recession Will Ultimately Improve America | Random Musings Wed, 18 Feb 2009 05:19:11 +0000 http://blog.ajlisy.com/?p=135#comment-34 [...] The reduced allure of Wall Street will encourage the smartest students to start companies or develop new technologies. While I don’t think all the money is gone from finance, I think at least the easy money will vanish for a while. The money remaining for the time being is in hedge funds, and they predominantly hire established traders. For the next few years, it will be difficult to get a great job at either a bank or a fund, so the temptation for engineering students to go into finance will be lessened. Whether this translates into more students opting for engineering careers or simply shifting to another field remains to be seen, but more engineering candidates means more innovation for the country. For more on this, see my earlier post titled Trade Idea: Sell Wall Street, Buy Science [...] [...] The reduced allure of Wall Street will encourage the smartest students to start companies or develop new technologies. While I don’t think all the money is gone from finance, I think at least the easy money will vanish for a while. The money remaining for the time being is in hedge funds, and they predominantly hire established traders. For the next few years, it will be difficult to get a great job at either a bank or a fund, so the temptation for engineering students to go into finance will be lessened. Whether this translates into more students opting for engineering careers or simply shifting to another field remains to be seen, but more engineering candidates means more innovation for the country. For more on this, see my earlier post titled Trade Idea: Sell Wall Street, Buy Science [...]

]]> By: Trade Idea: Sell Wall Street, Buy Science | Reduce My Bills http://blog.ajlisy.com/2009/02/trade-idea-sell-wall-street-buy-science/comment-page-1/#comment-27 Trade Idea: Sell Wall Street, Buy Science | Reduce My Bills Wed, 04 Feb 2009 07:14:43 +0000 http://blog.ajlisy.com/?p=135#comment-27 [...] More here:  Trade Idea: Sell Wall Street, Buy Science [...] [...] More here:  Trade Idea: Sell Wall Street, Buy Science [...]

]]> By: aj http://blog.ajlisy.com/2009/02/trade-idea-sell-wall-street-buy-science/comment-page-1/#comment-26 aj Wed, 04 Feb 2009 04:44:14 +0000 http://blog.ajlisy.com/?p=135#comment-26 I agree completely that subsidies are not a long term solution by any means. However, the thought is that if you can get some of the early stage research off the ground, you turn a theoretical concept into a more marketable prototype that then has a better chance of becoming a real product. Sometimes a bit of government funding in the right areas can bridge this gap. With angel investors pulling back, the private sector has less tolerance for very early stage products. Since the economic stimulus package is going to put money *somewhere*, you might as well put it into things that have the potential to take off into the next growth industry. I agree completely that subsidies are not a long term solution by any means. However, the thought is that if you can get some of the early stage research off the ground, you turn a theoretical concept into a more marketable prototype that then has a better chance of becoming a real product. Sometimes a bit of government funding in the right areas can bridge this gap.

With angel investors pulling back, the private sector has less tolerance for very early stage products. Since the economic stimulus package is going to put money *somewhere*, you might as well put it into things that have the potential to take off into the next growth industry.

]]> By: john http://blog.ajlisy.com/2009/02/trade-idea-sell-wall-street-buy-science/comment-page-1/#comment-25 john Wed, 04 Feb 2009 04:28:00 +0000 http://blog.ajlisy.com/?p=135#comment-25 government subsidies can only help for a short time, and they're relatively inefficient. But I agree that lower wall street pay will reduce the brain drain. Ultimately, the new scientists and entrepreneurs will have to produce something that people want and will pay for. Technology and Energy are probably the most promising areas. government subsidies can only help for a short time, and they’re relatively inefficient. But I agree that lower wall street pay will reduce the brain drain.

Ultimately, the new scientists and entrepreneurs will have to produce something that people want and will pay for. Technology and Energy are probably the most promising areas.

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