all is well...
And, Robert Samuelson at the WaPo tells us all is well, because, well - per capita the US graduates as many engineers as China - which is 1/4 as many as China, which has a smaller and weaker economy and a population with much more restricted access to higher education.
All is well, because US total engineering graduates as at about the 1990 level, which unfortunately is right when the sharp decline (about 20% from peak) in engineers leveled off,
All is well, because computer science degrees have doubled from their 1990 low - how many of these are glorifed graphic artists rather than actual computer engineers or scientists is a separate issue.
All is well, because if you're really smart and don't care about intellectual satisfaction you will be a lawyer or a stockbroker, and those are much more important that scientists and engineers anyway. If we need those we'll just get some more foreigners.
But, what Samuelson doesn't address is what the figures hide.
Science and engineering enrollment is up - with comps sci and engineering rebounding.
But, the bulk of the students are biologists.
Physical sciences (which includes chemistry, materials science and geophysics) is still very low, the number of physics BScs produced is ridicilously small, as is the number of mathematicians.
And physicists and mathematicians are not interchangable with biologists and engineers.