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Technology

2013

Economics

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The Hidden Stem Economy: The Surprising Diversity Of Jobs Requiring Science, Technology, Engineering, And Math Knowledge, Jonathan Rothwell Sep 2013

The Hidden Stem Economy: The Surprising Diversity Of Jobs Requiring Science, Technology, Engineering, And Math Knowledge, Jonathan Rothwell

Brookings Scholar Lecture Series

Policy and businesses leaders have argued that there is a shortage of highly educated workers in professional occupations related to science, technology, engineering, and math (STEM). Critics have countered that Ph.D scientists often face a difficult academic labor market and do not necessarily earn higher wages than other professionals. Yet, both sides of the STEM debate have been relying on an ill-defined definition of STEM work. Using a detailed survey of worker knowledge requirements, this research project redefines STEM jobs based on the level of knowledge required in STEM fields to perform occupations. The results uncover two facts previously unrecognized …