Denmark’s industrial-focused doctorate can serve as a model for private sector-relevant education and research. The program is designed to increase knowledge sharing between universities and private sector companies, promote research with commercial perspectives, and increase the number of professional with Ph.Ds. in the Danish economy.
The STEM Crisis is Real
Recently, Robert Charette penned a blog post on IEEE Spectrum titled “The STEM Crisis is a Myth.” However, Mr. Charette’s argument is based on flawed analysis and faulty assumptions. America does face a STEM shortage in key industries and if we do not enact reforms to address this we will continue to fall behind our global competitors.
What Emerging Knowledge Economy?
It's not uncommon for many college education and STEM advocates to claim that the fastest growing occupations over the next decade will require a college education and/or STEM skills. In this view, the economy is shedding low skill jobs (either from automation or trade) and America is specializing in high-wage, knowledge-based jobs that require a college degree.
The Real Story on Guestworkers in the High-skill U.S. Labor Market
Recently, the Economic Policy Institute issued a report claiming that there is no shortage of U.S. STEM workers and that increases in high-skill immigration are not needed and detrimental to the U.S. economy. In this report, ITIF presents a detailed rebuttal of the EPI analysis to provide a more accurate picture of the high skill labor market. We find that the EPI report's conclusions are simply not supported by the evidence. In fact, the U.S. does not produce enough STEM workers domestically, STEM wages and jobs have grown significantly over the last decade, and high-skill guestworkers are a complement, not a substitute, to American high-skill labor.