>Every year U.S. schools grant more STEM degrees than there are available jobs.
>When you factor in H-1B visa holders, existing STEM degree holders, and the like, it’s hard to make a case that there’s a STEM labor shortage.
(Pic related)
>About 15 million U.S. residents hold at least a bachelor’s degree in a STEM discipline, but three-fourths of them—11.4 million—work outside of STEM.
>10 years after receiving a STEM degree, 58 percent of STEM graduates had left the field
>more than a third of recent computer science graduates aren’t working in their chosen major; of that group, almost a third say the reason is that there are no jobs available.
>In computing and IT, wages have generally been stagnant for the past decade
>engineers’ and engineering technicians’ wages have grown the least of all STEM wages and also more slowly than those in non-STEM fields
>while STEM workers as a group have seen wages rise 33 percent and non-STEM workers’ wages rose by 23 percent, engineering salaries grew by just 18 percent.
>The situation is even more grim for those who get a Ph.D. in science, math, or engineering. The Georgetown study states it succinctly: “At the highest levels of educational attainment, STEM wages are not competitive.”
>Of the 7.6 million STEM workers counted by the Commerce Department, only 3.3 million possess STEM degrees.
>The takeaway? At least in the United States, you don’t need a STEM degree to get a STEM job, and if you do get a degree, you won’t necessarily work in that field after you graduate.
Article: The STEM Crisis Is a Myth
link: spectrum.ieee.org