Where has the money gone?

[tw]

Originally Posted by classicman

I was referring to a much larger perspective. It was not that long ago when America was a major producer of "stuff" now it is predominantly a service economy.

Another business school game. The employee would design the assembly line. Therefore he had a manufacturing job. The employee then started a firm that only designed assembly line. Now he is a service job. He does the exact same job, but the accounting games no longer call him a manufacturer.

However that problem is slowly getting worse. Lehigh University no longer calls themselves "The Engineers". Their nickname is now "Mountainhawks". Why? Even Lehigh U wants to diminish engineering. Lehigh University is massively expanding its business school. After all, engineers cost more to educate. The demand in America is for more MBAs - just like Nardelli and Wagoner.

Fact don't change only because they were previously cited. What was accurately posted ten years ago has is now obvious even on the spread sheets.