“My hypothesis is that the best indicator of long term economic health is the number of engineers a country produces relative to the number of lawyers. A country that is cranking out more engineers than lawyers will trend up. A country that is moving toward a lawyer-heavy economy will grind to a stop.”
Scott Adams spins off yet another witty hypothesis about economics. I wonder how the ratio of engineering to law school alumni is in my country. In comparison with the U.S. I figure that the current ratio still with the engineers, but the trend over the next years or decades may follow a gradient along the example of the states.
Being an engineer myself, I may be inclined to follow the idea that it is good for a country to educate more engineers than lawyers. And while this theory may actually have some sort of a point it is obviously just a tiny piece in the puzzle about how to build a stable and healthy economy.