As U.S. businesses voice concerns over the supply and availability of STEM workers, those in the education field wonder if tomorrow's workers will be ready to compete in a global economy. A new report from the U.S. Department of Commerce finds that STEM jobs are on the rise and pay better than non-STEM positions. But are American workers prepared for these opportunities?
Below are a few highlights from the report:
- STEM occupations are projected to grow by 17.0 percent from 2008 to 2018, compared to 9.8 percent growth for non-STEM occupations.
- STEM workers command higher wages, earning 26 percent more than their non- STEM counterparts.
- More than two-thirds of STEM workers have at least a college degree, compared to less than one-third of non-STEM workers.
- STEM degree holders enjoy higher earnings, regardless of whether they work in STEM or non-STEM occupations.
The report may be downloaded at STEMReports.com.