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.

I can't speak highly enough of the broad-based physics education I received at HMC. I have done a lot of things over the years, and virtually all of them were made possible by my physics education. Yes, a job after graduation is important, but the broader your education, the more likely you are to be able to keep up with the rapidly changing times.

I see physics as a "liberal" education in technology. It prepares one to understand much of modern technology, and in the sense that a liberal education prepares one for life but not for a specific role in life, physics gives one access to the world (should I say the universe?) in a general way that goes beyond preparation for research or an academic or industrial career. The physics curriculum develops curiosity, observation, reasoning, mathematical analysis, verbal and written discourse, etc., and these can be applied to writing, teaching, business, engineering, research, diplomacy - to any endeavor.

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.