According to James Dyson in Time Magazine of August 19, 2013:
The U.S. creates about 90,000 engineers a year. China is churning out 3.6 million. In Singapore, 40% of all graduates are engineers.
This does not bode well for a future leadership position of the United States. We need to teach our children well. My statement does not mean that there is anything wrong with degrees in the humanities and arts. It simply means we need more engineers.