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New Study Suggests No Shortage of American STEM Graduates
An anonymous reader writes "A study released Wednesday by the left-leaning Economic Policy Institute reinforces what a number of researchers have come to believe: that the STEM worker shortage is a myth. The EPI study found that the United States has 'more than a sufficient supply of workers available to work in STEM occupations.' Basic dynamics of supply and demand would dictate that if there were a domestic labor shortage, wages should have risen. Instead, researchers found, they've been flat, with many Americans holding STEM degrees unable to enter the field and a sharply higher share of foreign workers taking jobs in the information technology industry. (IT jobs make up 59 percent of the STEM workforce, according to the study.)"
Obviously the shortage is dreamed up by corporations attempting to justify importing cheap foreign labor.
This actual study itself has at least one very good point that may not be obvious to people: our leadership's drive to promote the idea of a STEM shortage is primarily to justify guestworkers and allow them to add provisions like OPT-STEM extensions. Don't get me wrong, there is a sort of shadow brain drain war going on here that for a long time the West had easily been winning. UK, Germany, USA, etc had been sucking up the talent from India, China, Russia, Ukraine, Turkey, you name it we took the brightest from it. And it was really really easy. And now Western leaders are kind of getting uncomfortable because, well, it's not really working in our favor anymore. I care that our politicians are being deceiving about this concept but I don't care about the "taking our jobs." In fact, I'm one of those meritocratic boogeymen that thinks our borders should be open with nothing more than a background check into your criminal record before you're granted entrance to the United States. Sure, some other stuff would need to change but that's an entirely different argument I'm not going to get into.
The main point of this study, however, is what the Post picked up on and is being reiterated: there is no shortage of STEM workers here in the US. And while that's likely true, the study (though comprehensive) doesn't really seem to ever step up to the plate and look at STEM versus non-STEM in the cases of employability and what those industries do for our GDP. Our leaders like Obama are operating on the assumption that a surplus in STEM workers is better than a perfectly equalized workforce with zero unemployment. They're not going to say that but my guess is that they're getting uneasy that China is mandating how many STEM workers it will produce and limiting the number of liberal arts degrees. The West is now uneasy that they might start losing the STEM war and they're trying to figure out how to scare their populations into letting them selectively brain drain other countries. A fake "massive shortage of STEM workers" is pretty much their only card so far.
My work here is dung.
There's a huge difference in the job market for pure scientists (the "S" in STEM), and IT folks. The job market for someone with a PhD in, say Astronomy is terrible. Lumping these folks together with the legions of code hackers is ridiculous.
of course it is a myth. It is just a ploy by large businesses to boost the H1B Visa program to increase the supply in order to push wages down.
There's no shortage of STEM graduates.
There's most _certainly_ a shortage of _cheap_ STEM graduates.
The single-minded pursuit of the best and the brightest candidates is a fool's errand. There are only a few of "the best" by definition, and they can work wherever they want. If you are not getting enough good applicants, it's because you are failing to attract them in the competitive marketplace. That may not (just) be because of salary, but also factors like where you're located and whether the work is interesting at all.
H1-B visas broaden the candidate pool but they won't change a company's competitive standing relative to others. "The best" are still going to go to the most attractive employers, and if that's not you, then I see two alternatives: either make your jobs more attractive somehow, or admit that what you really want are not "the best," but "the good enough."
[Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
Basic dynamics of supply and demand would dictate that if there were a domestic labor shortage, wages should have risen. Instead, researchers found, they've been flat, with many Americans holding STEM degrees unable to enter the field and a sharply higher share of foreign workers taking jobs in the information technology industry. (IT jobs make up 59 percent of the STEM workforce, according to the study.)"
Wages will only rise if the labor supply decreases. The labor supply won't decrease if you import foreign workers.
In other words, your car will stop if you run out of gas. The car is still moving, so you must not be out of gas. Please kindly ignore the fact that you're rolling down a mountain.
Everything is better with chainsaws.
Parent is a Troll.
Certainly there is a conspiracy, but there is nothing mysterious about it.
It is clearly advantageous for companies to hire people that will be happy with flat earnings and no job advancement opportunities, as well as fewer costs associated with the eventual lay-off.
People like to say H1Bs make the same wages as other IT folks, and this may well be true, but they do help keep wages flat, and their overall cost is less.
If you want news from today, you have to come back tomorrow.
Why are people always talking about STEM shortages, but not the shortages in doctors or pharmacists? Corporations always lobby to increase the H1B quota, but you will never see anyone lobbying that we need to bring in more doctors or pharmacists to lower the cost of medical care. The reason I believe is quite simple: The American Medical Association and National Pharmacists Association are very strong unions. They even lobby against increasing seats in US medical colleges and even building more colleges. However, whenever someone talks about trying to form a union for IT developers or Engineers, we call it socialism, nazism, communism. Seriously, we have been saying for the past 10 years after NAFTA and other free trade agreements that only the "low skill" manual laborers will suffer. Well, now they have destroyed the market for manual labor and the corporations are coming for engineers, IT, and scientists wages. The only way we can fight this is if we stand together. This is not about Xenophobia. I myself am an immigrant from India. We need to ensure fair pay and benefits for domestic workers.
I don't know if there are too many STEM workers, but there is definitely a huge shortage of understanding of science and math in the general population...