57.1% increase in engineering grads

Boom typically leads to Bust. This has been the repeated pattern over the decades in STEM. Proclamations of shortages lead to gluts as not even a superficial understanding of Supply and Demand is revealed.

The EPI reported only 4.4% of jobs are STEM jobs (using a wide definition) and only 2.5% of the high school graduate pool gets a STEM job within a year of graduating from from 4-year college. Many of those jobs are outside the field they studied. No mention of whether those STEM jobs were well paying or were going to exist in 5 years domestically.

A 57.1% increase in engineering grads. What is the growth in engineering jobs? A recipe for under-employment and declining entry level engineering salaries. Sure, the grads of Stanford and MIT will do OK. The top 10% will do OK. The top 1% will do very well. The average and below graduates?

 

• * For every two students that U.S. colleges graduate with STEM degrees, only one is hired into a STEM job.

  * In computer and information science and in engineering, U.S.

  colleges graduate 50 percent more students than are hired into those

  fields each year; of the computer science graduates not entering the IT

  workforce, 32 percent say it is because IT jobs are unavailable, and 53

  percent say they found better job opportunities outside of IT

  occupations. These responses suggest that the supply of graduates is

  substantially larger than the demand for them in industry.

   

  http://www.epi.org/publication...

   

  However, a new analysis finds that in 2011, the number of

  college-educated guestworkers under the age of 30 in IT was equal to two-thirds of all the 166,000 new college-educated IT job holders under the age of 30.

   

  http://www.epi.org/publication...

  The EPI refers the visa workers as "guestworkers."

3/7/13 IHE

所有跟帖： 

• 我已经说的了，IT很快也不行了，潮水般地拥入 -shangh_r- ♂ (104 bytes) () 04/08/2014 postreply 15:27:59

• 把那些没绿卡的国际生去掉，57%就变成5.7%了 -cutedolphin- ♂ (1 bytes) () 04/08/2014 postreply 15:28:06

• vs. 4% increase in MDs -career- ♂ (621 bytes) () 04/08/2014 postreply 15:47:36

• 根据人口数量需要多少医生，是可以预测规划的。新科技是无法预测发展的速度规模，人才就可能过多或不足。 -RYYC- ♀ (156 bytes) () 04/08/2014 postreply 19:33:10

• 美国医学院总的录取人数是被医生协会控制的，表面上是为了保障质量，实际上是为了垄断。 -近仁1995- ♂ (0 bytes) () 04/08/2014 postreply 23:43:48

• 培养住院医的费用来自政府，要不大家多缴些税？ -RYYC- ♀ (255 bytes) () 04/09/2014 postreply 06:29:19

• EECS professors love the boom too :) -career- ♂ (177 bytes) () 04/08/2014 postreply 15:53:48

• This means the guest workers take the jobs. Otherwise, US gradua -wade- ♀ (0 bytes) () 04/08/2014 postreply 16:03:17

• Who pushed to increase H1b to 1M/yr? -career- ♂ (66 bytes) () 04/08/2014 postreply 16:08:19

• "Those who choose to compete against slaves are bound to become -career- ♂ (112 bytes) () 04/08/2014 postreply 16:11:03

• 回复：57.1% increase in engineering grads -Green_sky- ♂ (116 bytes) () 04/08/2014 postreply 17:15:23

• 为什么我们这些国人都找到科技工作了？难道是真的比土生的美国人聪明吗？ -红泥火炉- ♀ (0 bytes) () 04/08/2014 postreply 17:15:48

• 是。你是全世界竞争出来的尖子，加上幸运。还有很多同样出色的人才没这么幸运。 -monochrome- ♀ (72 bytes) () 04/08/2014 postreply 18:14:28

• 回复：是。你是全世界竞争出来的尖子，加上幸运。还有很多同样出色的人才没这么幸运。 -bbl123- ♀ (89 bytes) () 04/08/2014 postreply 21:16:07

• 他们会想得这么远吗：） -侧卫1- ♂ (0 bytes) () 04/08/2014 postreply 22:14:39