US Aerospace Industry Doomed?
There was a story in last Sunday's Seattle Times about the fact that nearly 25% of the 637,000 aerospace workers in the US can retire next year, possibly posing a severe skills shortage in the commercial and defense aviation. In addition, the article notes that the demand for "aerospace, electrical, mechanical and computer engineering disciplines is expected to be double what it was 10 years ago."
The story goes on to say that many younger workers view aerospace plants as "old fashion industries."
As I noted a few weeks ago, there is a controversy raging about whether universities and colleges are teaching future IT workers inappropriate skills, and that it is becoming increasingly hard to attract students into science and technology. Given this and the looming retirement situation, is the US poised to lose its aerospace dominance?
Also, with US is pouring more money into advance defense systems than any time since World War II, can these systems even be built, given the high-tech resource scarcity that will hit in the next decade?
Who is likely to dominate the aerospace field in the future? Is it automatically the Pac Rim, given Europe looks in even worse shape than the US, given its demographics and inability to attract high tech students into their universities as well?
And how much does it matter to the US, if at all? And if does matter, what can realistically be done about it?
I would like to hear your thoughts on the subject.