Friday, February 15, 2013

The Engineer as Pre-Med

Or the Pre-Med as Engineer.  The Golden Rule of the AMA and physicians - - the key to wealth creation is the proper regulation of supply.  The key variable is the supply of doctors - - always control and restrict the supply.  Never worry about demand.

Requiring professional engineers to have a Masters degree before registration would take a play directly from the physician's playbook.  Pick up any playbook for the professional services industry - - 90% of them should have some variation of a supply versus demand theme.  Regulating supply is a critical function of any professional organization.  Most don't get that.  They just understand demand.

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