The Census bureau recently reported that only 26 percent of STEM graduates go into STEM fields. Rather than expressing a surplus of STEM talent, this statistic reflects an overly broad definition of STEM majors, a narrow definition of STEM occupations, and demand for STEM skills in all sectors of the economy. High wages and low unemployment rates show for STEM careers show that the STEM surplus is actually a STEM shortage.
Blogs & Op-eds
Putting Productivity First
Contrary to the beliefs of some advocates, evidence shows that technological change and productivity growth actually creates jobs in the mid and long term. And given the importance of the high-tech economy on global competitiveness, nations should embrace, not fear, technology.
Unsubstantiated Attacks on the Ex-Im Bank Fail to Take Flight
Bent on decrying ‘crony capitalism,’ the Wall Street Journal is misusing a new S&P report to discredit the Ex-Im Bank. The report’s actual finding, however, is that without Ex-Im financing support, Boeing would see a finance gap of $7 billion to $9 billion. The report demonstrates that the Ex-Im Bank is fulfilling its mandate to provide financing that enables American Exports where demand exist but credit institutions are unwilling or unable to finance deals.
The Decline of America’s National Innovation System
The United States used to have the world’s strongest National innovation System but today lags behind many of our international competitors, hampering economic and job growth. To rebuild our innovation infrastructure, the United States must strengthen trade, tax, and regulatory institutions, implement policies to encourage research, human capital development, and the flow of
Data-Driven Personalization: Its Time Has Come
One of the most promising, though still ambiguous and misunderstood, trends in IT is the use of data to deliver to individuals the exact products and services that they need, when they need them, sometimes without their even asking. It's the decades-old promise of personalization.
How FITARA Can Help Federal Agencies With Their IT Problem
Our federal government has long been plagued by wasteful, duplicative IT investments. Now several lawmakers are trying to fix that problem. The proposed bill, FITARA, can help our federal government adapt to changing technologies, cut waste, and compete with the private sector for IT jobs.
The FTC Should Reward, Not Penalize, Companies that Innovate in Good Faith
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon.com, alleging that the company had failed to set sufficiently tight controls for purchases made by children while using mobile apps. This is despite the fact that Amazon broke no law or rule in implementing their new 1-click technology, which improves efficiency for online purchases. Instead of using lawsuits to punish companies after the fact, the FTC should use its own rule making authority or urge Congress to act, when looking to address specific issues related to the use of new innovative technology. Doing otherwise circumvents the democratic process, reduces transparency, and limits innovation.
Climate Change Solution: Scrap Subsidies, Fund Innovation
Ahead of next year's Paris climate talks, it's time for a new approach to climate change that supports making clean energy cheaper than fossil fuels without subsidies. The only way to do that is with more innovation.
Colorado is Well-Positioned for Future Economic Growth
In our increasingly competitive, globalized marketplace, innovation and entrepreneurship are keys to economic success, not just nationally but in the states. Fortunately for Colorado, the state is well positioned to compete in this “New Economy,” evidenced by its sixth place ranking in ITIF’s State New Economy Index. SNEI ranks the states in terms of 25 indicators designed to project a state's ability to compete in a fast-moving, high-tech global economy.