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Jim, as an older guy who went back to college to become an engineer, I agree with you in theory. Hell, I wish everyone thought like you, I'd have a much better salary. But in reality, new engineers really have it pretty good.
In Wichita as a ME or AE grad, you can pretty easily pull down $52k, 3 weeks vac/personal days, full health/vision/dental, 3-6% 401K match, and other misc. Very few bachelor's degrees will beat that. To compare, an accounting or finance grad with a BS can expect $40-45k, give or take. To someone on the coasts that may sound low, but I'd say I pretty easily have 2-3x the buying power of someone in NYC or CA.
Contrast that with the ever-popular Business Management degree, which will earn you $25-30k with a BS. Big difference. Not to mention the great opportunities for advancement in engineering, as Souk mentioned.
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‘07 Mazda RX8
Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc
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