Mexico now has more undergrad engineering students than the U.S., reports Prism. While U.S. enrollment is level at about 370,000, Mexican enrollment has soared to 450,000.
The would-be engineers are training on the latest equipment, much of it donated by foreign companies with manufacturing facilities in Mexico. And when they graduate, many of these students are staying close to home and getting high-skilled jobs being created by multinational companies.
While U.S. graduates in engineering average $45,000 in their first job, Prism reports, Mexican engineers start at $15,000.
Via Mark Perry’s Carpe Diem.