San Diego Housing Market News and Analysis
OT: Is STEM the big lie
User Forum Topic
Submitted by no_such_reality on May 17, 2016 - 12:59pm
We tend emphasize STEM on the site and in general, people talk about STEM shortages and STEM demand.
But is STEM another big lie?
Is there a shortage or is there a surplus? And in either case are you better off than those without a STEM degree.
Several studies are pointing towards there actually being a surplus and that the issue really boils down to skills mismatches and a queuing problem.
First, we have the IEEE report that says, Computer and Math fields wages have largely stagnated since 2000.
and shows the following regarding jobs:
And the BLS reporting on STEM shortage Similarly, the National Academy of Sciences Committee, reports DOD says no crises.
And from Slate STEM Ph.Ds jobs stagnant
Here's a picture, thousand words:
And from the Economic Policy Institute rebuking Microsoft's STEM shortage claims.
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