Thanks to the New York Times and countless other media outlets, it's no secret that India is having a tough time finding enough workers with the right kinds of skills to fill its rapidly growing number of tech jobs.

Indian outsourcing providers are taking all kinds of measures to ensure that the shortage won't hurt their business, including looking for recruits in places like the U.S.

But based on a recent report from the Competitiveness Council, America could be facing its own crisis soon. A member of the Competiveness Council calls a shortfall of university graduates in areas like engineering, math and science "the greatest single threat to American prosperity."

President Bush is pushing Congress to increase funding to boost U.S. investment in R&D and to improve the quality of math, science and technology education in American schools. His proposals could get lost in the shuffle as lobbyists pressure the lame-duck Congress to take action on a number of tech issues, but we hope not. A lack of attention to education now will cost the U.S. big later.