by Mangan
Editor’s note: for those unfamiliar with the acronym, STEM stands for Science, Technology, Engineering and Mathematics.
The Economic Policy Institute issued a report (in pdf), Guestworkers in the High-Skill U.S. Labor Market, An analysis of supply, employment, and wage trends, the executive summary of which states in part:
… the United States has more than a sufficient supply of workers available to work in STEM occupations:
The flow of U.S. students (citizens and permanent residents) into STEM fields has been strong over the past decade, and the number of U.S. graduates with STEM majors appears to be responsive to changes in employment levels and wages.
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. [italics in original]
We saw not long ago that there’s no shortage of PhD degree holders and/or scientists in this country. Now we see that in the less rarefied atmosphere of all degree holders in STEM, only half of new college grads can even get employment in their field. Only half. Yet the high-tech moguls of Silicon Valley and Seattle insist they need more and cheaper immigrant workers.
Also worth emphasizing from the report is this: “Wages [in STEM and IT] have remained flat, with real wages hovering around their late 1990s levels.”
So, with record-high corporate profits, and wages having stagnated for 15 years, the plutocrats are still unhappy.
NumbersUSA today reports that Senate amnesty bill like adding Top 20 U.S. cities full of foreign workers in first decade — 33 MILLION
Wrapped inside that amnesty bill is something even worse — WORK PERMITS FOR 22 MILLION FOREIGN CITIZENS in the frist decade, in addition to the 11 million illegal aliens!
11 million + 22 million = 33 million.
In every decade after that, it appears the bill may be forcing another 20 million lifetime work permits, but we’re still working on those numbers.
The politicians and plutocrats trying to force this bill through are… well, let’s just say that the welfare of the American people is the last thing on their minds.
I would take this all more seriously if I didn’t think that the country is doomed anyway. If the current bill doesn’t pass, there will be others, and any immigration enforcement in the future will be nominal and for show.