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.
Science and R&D
Scientific Researchers at Asian Universities Attracting More Industry Funding than American Counterparts
A report released last week by Times Higher Education, the World Academic Summit Innovation Index, finds that university scientific researchers from many Asian nations—including Korea, Singapore, Taiwan, and China—are attracting substantially more industry funding per researcher than their American counterparts. What makes this all the more striking is that American researchers tend to cost more than their Korean counterparts, and yet the latter still receive more funding.
Hearing on Reforming the National Lab System
In testimony to the U.S. House of Representatives Committee on Science, Space and Technology Subcommittee on Energy, Matthew Stepp argued that federally funded research results in scientific discovery that can play a positive role in America’s economic future. He explained that after a year of research with the labs, DOE, industry, and academia it became plainly apparent that the current system needs substantial reform. He emphasized that taxpayer resources should be used as effectively as possible and that market forces can help bring efficiency and rationality to the lab system.
Turning the Page: Reimagining the National Labs in the 21st Century Innovation Economy
The National Labs are a tremendous R&D resource, but their operations are still based on a decades-old management model that no longer meets the needs of our modern innovation ecosystem. This study presents a series of concrete proposals for Congress and the Administration that can ensure the Labs better meet their mission and produce useful technologies that benefit the American economy.
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.