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The oldest and latest data for which engineering bachelor's degrees and graduate law degrees (LL.B and J.D.) overlap in the tables that I could see come from 1985-86 and 2000-01, respectively.
In 1985-86, we apparently graduated 35,844 lawyers and 77,391 engineers. In 2000-01 we graduated 37,904 lawyers and 58,315 engineers. Unless I'm a math doof--which is entirely possible--this represents a 5.75% increase in lawyers and a 24.65% reduction in engineers. The ratio between the two fell from 2.16:1 in favor of engineers to 1.54:1, still in favor of engineers. In other words, although the gap between them is shrinking, we still have more engineers than lawyers (although in my opinion we still have way too many lawyers).
However, I would like to caution you to look at the data yourself. That 1985-86 year seems to be an anomalous spike in the number of engineers. The stats seem to put the mode around 62k, making the 2000-01 decline only about 6%. Also, in the first year the table I used covers (1970-71), we graduated only about 45k engineers, making the 2000-01 year about a 22% improvement!
But I think we are looking at different data for the engineers. I think the right table is:
http://nces.ed.gov/programs/digest/d04/tables/dt04_282.asp
The engineers data is pretty much speaking for itself. With economy growth, the number of graduated engineers steadily grew to 97,099 until 1985-86, which by some coincidence is exactly 5 years after RR entered the White House.
Later we obviously decided that our economy does not need them because the number steadily drops to 77,267 in 2003, while in the same time the population and economy were supposedly growing.
The lawyers numbers stalled around 40K during the previous 15 years, which I interpret as the labor market was already too saturated with them.
But think of it this way. If in your company you have 30 people to project, build and maintain the buildings and the equipment, to design and monitor the production process, to solve production problems and to engineer new products and processes; and 20 people to prepare your documentation and to represent you in court (whom you pay twice as much as the other 30 people), I'd definately say that your company will not survive long.
Plus, I suspect the next big thing will be genetic engineering, and we're at a huge disadvantage there. We try to teach biology without talking about evolution, which is kind of like trying to teach physics without mentioning Newton's laws of motion. And work with stem cells, cloning, etc., is blocked by the abortion issue. The new Lysenkoism...
Sorry for my off-topic and lack of info about some ills of the day, but is this really being done now in schools?
I teach evolution vs creationism as a writing project in my university freshman comp. class.
When I inquire into my students' backgrounds, it turns out several have had no instruction in either Darwin or the Bible.
However, we both agree that no matter how you shake the numbers we have too many lawyers. I tend to think we just have too much law. Our perpetual lawmakers just churn out too much paper. Some of the Founders were fearful of havign a standing army. Maybe they should have equally feared a standing legislature?
I suspect engineering was never the quite same after that.
A) Party, get drunk, and take basket weaving courses, or
B) Work your ass off day and night studying physics, chemistry, thermodynamics; miss all the parties and then when you graduate, you still won't get a job.
If you pick option A, you might become President of the USA or something like that. If you pick B, you probably will not be President of anything. Presidents need to know how to lie, smile, play golf, and manipulate other people into doing insane, unscientific things like believing "victory" is around the corner if only we pray harder and keep wishing upon that star, no matter who we are.
Doh !!!