Quote:
Originally Posted by Unregistered
That's true. In fact, the title of this thread is very misleading and should be changed to "Really that good for bad engineers?"
The engineering profession has a socialist remuneration structure based on Karl Marx's "From each according to his ability, to each according to his need.", similar to teaching and taxi driving.
For people who are not worldly wise and could not survive in the more competitive professions, engineering provides a safe haven which ensures a minimum wage for even the most incompetent.
The downside of this is that, like in a Marxist state, an outstanding engineer's annual income will never go above the low six-figures, no matter how good he is, and has to switch to other professions which will give him his due rewards.
In other words, the good engineers subsidise the bad engineers. Yet the bad engineers are not thankful and think that they can become investment bankers.
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The banking, investment and trading professions all have their fair share of stupid people, grossly overpaid for the value they add yet they still think they are masters of the universe. They are there because they are lucky. Some jobs don't require much skill. All you need is to be a little cunning and maybe just look pretty.
Engineers take heart. For those who want to switch, it's not an impossible task. For those who are truly savvy - smart, have business acumen, but because of bad advice or bad luck, got into the wrong profession in the wrong country) - save up and try to start your own businesses. It's so much easier to get rich that way, and you don't have to deal with stupid people with huge egos.