Posted on 08/30/2024 6:52:44 AM PDT by zeestephen
The National Academies report...argues that there are not enough STEM degree holders to meet demand, and...more foreign workers and students need to be admitted or allowed to stay...The American Community Survey shows that 29% of STEM workers are now foreign-born in the USA...8.6 million STEM workers, but 17.2 million people with STEM degrees... Between 2008 and 2023...compensation grew at a rate of just 0.15% per year.
(Excerpt) Read more at cis.org ...
The only way to get a decent raise, if any, in the STEM market is to switch jobs. That causes whole other issue of knowledge drain at companies that takes years to recover, if at all since nobody stays long enough.
“That causes whole other issue of knowledge drain at companies that takes years to recover, if at all since nobody stays long enough.”
When you take into account our Christmas bonuses and project completion bonuses, you’ll find we pay the best.
I believe computer skills are common enough that importation of software people is not needed.
There is Catch-22.
Fact: STEM degrees are hard.
Fact: Unlike some other professional positions, STEM jobs are not protected from competition from overseas. So, the STEM positions are filled with foreigners, who depress the wages.
Fact: US natives do not like to subject themselves to very hard studies, with uncertain job prospect.
Conclusion: So more foreigners are imported.
It is a vicious cycle, with no way out, given the current political situation.
US STEM programs ain’t what they used to be, which is another problem.
How many of the foreign imports are foreign grads?
Bet that would tell a tale, too...
There has never been a shortage. It is just that tech outfits running on a shoestring and corrupt to their cores anyway, price out native born with lowball salary offerings.
Off the top of my head I can think of about 6 or 7 people that went to engineering school, couldn’t cut it and changed majors. Three of them became architects.
Must be nice. I have never worked at a company that gave bonuses.
My husband got his BSEE 20+ years ago and is still working for the same company he started with when he graduated doing FPGA design. I’m positive he would make close to 50% more if he moved to a different company. The worst part is the company used to be a great place to work, but over the years management changes have made him miserable there. He is not a Type A and wants to remain on the technical side of things as opposed to management and I think all of those things allow the company to take advantage of the knowledge and skill he’s gained over the 20 years without compensating him appropriately. And it hurts my heart for him that he allows it to continue.
That is basically my path. I tried management a few years back and even though I am type A I couldn’t take the drama and lack of independence in decision making at the mid-level (just a baby-sitter). So, I went back to software dev/architecture and have not seen any real gain in compensation in 3 job changes, but the stress is lower and my schedule is predictable. I only have about 3 years more and I am done anyway.
The only, and rare, protection is the requirement of being a US citizen for certain companies. Been doing ITAR work near 25 years now though and the pay is crap since Chomo Joe was installed. Time for me to become an illegal alien and just live off the sweat of the stupid gringo.
Sounds like Intel.
I worked for 27 years at Intel and you were forced into management if you wanted a promotion.
Much to my shock, I discovered IBM did NOT work that way.
There were many engineers there who stayed working in the trenches.
Not enough DIE applicants with STEM degrees to meet politicly correct quotas.
Yes, but even that is no protection.
One can get a citizenship after 5 years of residency.
So, not so surprisingly, there are many foreigners working even these jobs.
Companies want cheap labor and will lie to get them.
Solution: End the H-1B visa NOW!
YES, exactly, but all the businesses will complain, that they have no STEM workers, and would be right in a way, as there would be temporary shortage. Then the citizens will go into STEM more and fill the positions. Problem solved.
But, I just not see in the in current situation, anybody brave enough to end the visa program.
Trump? Maybe? I doubt?
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