Engineering loses significant amounts of early-career grads to other sectors - banking, IT and similar - due to highly numerate nature of the education and the wages on offer in these sectors.Biffer wrote: Wed Jul 17, 2024 6:28 amWell, if you look at things like photonics (laser manufacturing and such), that’s worth about £15 billion a year to the UK, or the space sector, worth about £8 billion in manufacturing, and a whole load of other stuff, we have a manufacturing industry worth over £420 billion, which is just under 20% of our economy. So it’s significant.fishfoodie wrote: Tue Jul 16, 2024 11:43 pmWell yeah, but you've designated as a service economy, so WTF cares about making shit ?Biffer wrote: Tue Jul 16, 2024 3:59 pm
No. We still have industry, and there are multiple new technology industries where our research base can give us a head start. We need an industrial strategy and we need one quickly.
I mean Dyson could have stayed in the UK, & made lots of money, but he's a greedy douche bag, so instead of making x billion, he moved to Far East, & fucked over his employees, so he could make 1.001x billions, because that's what his patriotism is all about !
I mean RoRo are developing their modular reactors, but will they actually make them in the UK ?
I believe JCB has moved a ot of their manufacturing to the EU too, so all that money they threw at the bumblecunt has really worked out well![]()
Like you say, the UK has a great reseacrh base from their Universities, but the conversion from research to jobs is diabolical, & who'd go into STEM when you know you've almost zero prospect of converting your education into a career, because you know the Government don't value those skills; the companies will pay you worse than some gimp who has a BA.
And when it comes to high tech, high value manufacturing, if you don’t do the hardware it’s more difficult to do the services related to the product, so we need to do more manufacturing to really build the economy in high value sectors.
And wrt graduates, the UK has a terrible shortage of engineers, so anyone doing mech, electrical, software, systems engineering etc has a wide range of jobs to go to, and wages are higher than average. Our graduates are not far short of forty grand in two years, and we still lose half of them to other organisations because they get significant pay rises.
There is also an issue of ceiling - most engineers will need to make a call relatively early about whether they stay in the actual technical side or shift to management roles. The technical roles have a surprisingly low ceiling in many organisations. To be honest I don't think that is unique to engineering but it can be quite marked in engineering.,