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Seeing the STEM Crisis as a Supply Problem

Seeing the STEM Crisis as a Supply Problem

The total number of STEM jobs will grow 26 percent between 2010 and 2020. We’re not producing the graduates to meet that need.*

Test scores and rankings only tell part of the story. If we consider the pipeline of future engineers and scientists as an education continuum, our current STEM education approach is leaking talent at multiple points:

Capability
30%
of US high school students are ready for college-level science1
  Interest
10%
of US high school students plan to pursue engineering in college2
  Retention
50%
of US college engineering majors eventually drop out of their program3

1. Georgetown’s Center on Education and the Workforce

2. ACT's The Condition of College & Career Readiness

3. National Science Foundation’s Science and Engineering Indicators

 

The structures of our global society and economy are shifting and the employment outlook is shifting with them.

Demand for talented knowledge workers is growing while careers built on routine tasks are disappearing quickly. Our world will miss out on economic and social progress if we can’t meet our growing needs with new talent. We can understand this shift by considering three key areas of change:

  1. The new literacy of technology. The tilt toward software-based work environments imbues every job with a technology component. The ability to create and control technology is essential for a thriving workforce.
  2. The economy of new ideas. Emerging markets and a new generation of consumers crave entirely new product categories. The world needs new ideas to stay in business.
  3. Our grand challenges. Increasing population, diminishing resources, and the sudden shift to digital infrastructure all create big problems for our graduates to solve in their lifetime. Like multiple "moon shots" for the new century, these challenges require many more high-tech workers than we produce now.