My point is that the baseline skills for success in industry (I believe) are common sense, good communication skills, a reasonably broad background in science and decent computer skills. There will always be a market for bright people who satisfy these criteria, and a physics degree is a big plus for the applied science shops.

So what do I think about a physics education some 30+ years after graduation? Would I do it all over again? There's absolutely no question in my mind. For anyone entering virtually any of the engineering or science disciplines, with maybe the exception of organic chemistry, an undergraduate physics education is invaluable. I went on to the Department of Aeronautics and Astronautics at the Stanford School of Engineering for my Ph.D., and my HMC physics degree was a major advantage in practically every class I took and in my thesis research. In addition, in my years as a technical contributor, having the breadth and depth that a physics degree provides made me much more versatile than my colleagues who studied some branch of engineering. I was able to apply basic concepts from E and M, dynamics, optics, and even basic nuclear physics / relativity theory / quantum mechanics to solving problems and inventing new techniques. The ability to understand physical phenomena and apply basic principals to analysis and problem solving is directly related to the solid foundation that I got as a physics major. The colleague with whom I had my most successful collaboration, by the way, has a Ph.D. in physics (with engineering subjects, from the Sorbonne) and my former boss has a degree in Engineering Physics from Cornell---just indications of how a physics degree is a key building block to a successful technical career.

Probably the most useful part of my education has been its broad nature, and that's where HMC has contributed the most. I have to pull in a wide variety of areas, and am continually surprised at the lack of breadth I find in those educated at the larger state universities. I guess HMC provides a wider education than you realize as you go through it.