Technology-industry executives and politicians consistently clamor for more STEM education and training to fill an ostensible dearth in employees. But according to a U.S. Census Bureau report, the unemployment rate for “computer workers” is just 2.7%—far lower than the rate for the broader economy. Furthermore, the report found that “74% of those who have a bachelor’s degree in science, technology, engineering and math, or STEM, are not employed in STEM occupations,” according to Patrick Thibodeau at Computerworld. Combined with the flat wages for some time now, the incessant calls for more STEM candidates increasingly appear to be calls for more cheap labor (usually at the expense of taxpayers).
Indeed, labor shortages will appear regularly in highly specialized areas, particularly in a fast-changing industry, but according to Michael Teitelbaum of Harvard Law School, such situations are “always the case in labor markets.” The question that appears to be increasingly relevant is why so many STEM graduates and professionals are pursuing other careers, particularly when politicians, technology executives and social engineers offer a river of propaganda regarding how wonderful STEM careers are (as though other jobs are less valuable and less satisfying). With so many STEM-trained individuals, why are technology companies always demanding more?
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