The massive oversupply of STEM graduates and professionals and its effects.

Just wanna chime in on this. I do research on employment and education for the US government. From the data we have collected, STEM graduates supply far outstrips the demand in most STEM fields. I know STEM is a big category but the oversupply is widespread, including computer science grads. Most employers do not need even a fraction of what is produced each year in STEM. And as a result, the job market outcomes for STEM grads are not as good as everyone makes them out to be. Sure STEM folks do better than arts majors but when you consider the number of STEM positions available for people going into those fields, that success rate is not very good. <br><br>What is created by this massive oversupply of degrees is a massive oversupply of job seekers and workers who must compete heavily with each other for job openings. There are many other factors that hurt tech workers but there are enough employers and wealthy stakeholders who want to suppress wages and working conditions for tech workers that massive oversupply plays into their hands perfectly. Our research also shows that the labor market outcomes are getting worse for STEM degree holders over time and so the level of competition from STEM employers for STEM workers' labor will only weaken.<br><br>The other situation is that employers do not really care about the quality of STEM education for the most part. They do not need quality. There are enough graduates out there that most employers can get by with hiring anyone with a basic degree. There are some fields that require higher quality training and there is a gap in that labor market.<br><br>But overall, as has been stated by others in this thread, there is a strong lobby of stakeholders out there that create a STEM shortage narrative to justify exploiting labor. There are some fields in which a shortage would make sense, but our government research has not found those gaps to be anywhere near what employers and educational institutions have claimed them to be for years.