According to the Wall Street Journal, Microsoft has more than 6,000 job openings for software developers and engineers that it canít seem to fill.
It would appear U.S. colleges are simply not spitting out enough computer scientists and electrical engineers to meet the sheer demand.
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Whatís worse, according to the piece, the Bureau of Labor Statistics is predicting another 120,000 new jobs this year that will need to be filled by candidates with computer science degrees, while only 40,000 new computer scientists are expected to graduate. Talk about a deficit.
And itís not just computer scientists in high demand, either. The U.S. Labor Department predicts a flood of STEM (science, technology, maths, engineering) jobs (some 1.8 million of them to be precise) will become available by 2018. Thatís a number America canít currently hope to fill with predicted graduates, even when supplemented by the current influx of foreign workers--unless some rather drastic action is taken.
Both presidential candidates are giving a lot of lip service to the need for more science teachers and a greater focus on STEM in schools, with new federal programs being set up to do just that. So far, $1 billion in taxes is being set aside to fund the initiative, which, despite how it sounds, is not particularly significant. But at least itís something.
The school boards seem to be taking steps in the right direction, too, with indications that STEM will be introduced to kids at an earlier age, in some cases even in pre-school.
But how much of an impact will it make? And Is it enough to solve the talent deficit within the next five to 10 years? If not, whatís the solution?