Friday, August 30, 2024

New Wage Data Show No STEM Worker ‘Shortage’

Although the BLS does not generally publish ECEC data on STEM workers specifically, we obtained the data from BLS through a custom request.

Below we harness new data to help explain why STEM workers are actually not in short supply.

No Upward Trend in Compensation for STEM Workers If the demand for STEM workers exceeds the supply, then we should see U.S. firms offering increasingly generous compensation to recruit and retain these allegedly scarce workers.

As Howard University Professor Ron Hira has observed, “Unsubstantiated claims that there is a significant shortage of STEM talent have been a running feature of STEM workforce policy discussions” for decades.

Time and time again, activists assert that there is a shortage of workers in science, technology, engineering, and mathematics (STEM).

A new National Academies report released yesterday, entitled “International Talent Programs in the Changing Global Environment”, is the latest to argue that the U.S. needs to recruit and retain more immigrants to work in STEM fields.

Moreover, the foreign-born share of STEM workers is approaching one in three. 

https://cis.org/Camarota/New-Wage-Data-Show-No-STEM-Worker-Shortage

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