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18-03-2014, 03:54 PM
(18-03-2014, 03:41 PM)investor101 Wrote:Hey!(18-03-2014, 12:39 PM)safetyfirst Wrote: I always find it interesting that our local universities have so many vacancies for engineers, yet from personal experience, many of my engineering peers do not graduate to become an engineer.
However, i dont have a single friend who's trained as a doctor and is not working as a doctor now. oh and all of them have good incomes.
Having not enough beds is a problem, refusal to train more doctors is also another problem. If so many people graduate with an engineering degree but dont practise engineering, is it time to cut down the engineering numbers in uni and allocate the resources to train more doctors?... Or is it more important to restrict the number of doctor vacancies so that they can maintain a high salary when they graduate?
In schools, students who are in the best classes are geared towards engineering. Best classes basically are students who are primarily good in Maths and Science.
While some of these students go on to be lawyers (usually those good in English and Literature and Humanities) or doctors (Biology, Science), vast majority of these students go on to study Engineering in university because of the prestige given to top classes in school.
Every modern society needs a lot of engineers and technicians to be modern, simply because this group of people have the technical expertise to make technology progress possible. However, there are simply too many engineers and the economic pie has to be shared. So, each engineer gets only a small piece of a pie.
It is pretty different for medicine. The university intake for medical students is probably less than 300 a year in Singapore, as compared to thousands of engineering students. Everybody at some point, needs to see a doctor. So, fewer doctors, each of them get a much bigger slice of the pie. Most people are also less likely to bargain about the price of their medical treatment, as compared to firing Singaporean engineers and replacing them with a cheaper foreigner.
i think hiring FT Doctors are cheaper too as they may be paid relatively lower in their own countries. Just like so many FTs replacing locals.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.