In my observation, it is not the number of engineering graduates that determines technological growth, but rather, the opportunities in technology that determin

In my observation, it is not the number of engineering graduates that determines technological growth, but rather, the opportunities in technology that determine the number of graduates. If relative wages in engineering rise, more students will major in engineering fields. Workers and students in non-tech fields will buy a few books, study after hours, and teach themselves to code. The main problem is that for high ability people, engineering pays less than Wall St, law, medicine, and certain types of government work. Out of my college class, almost no one studied engineering or went into engineering. Instead they went to Wall St, Med School, Law school, or Washington DC. If society wants to increase technological development, it must end the financial bailouts that create such great profits for bankers, and simplify the legal code to put the lawyers out of work.