The Washington Post reports on a study arguing that the STEM worker shortage is a myth—that in fact there are lots of STEM grads and not enough STEM jobs for them to fill.
I remain puzzled by the national push for STEM (that is, increased emphasis on education in science, technology, engineering, and math). Regardless of that study’s accuracy, won’t government intervention to increase the supply of labor in a particular industry inevitably lead to lower wages in that industry? Who benefits?
If you’re a liberal, shouldn’t you be bothered by government interventions that seem designed to lower wages in a particular industry?
If you’re a conservative, shouldn’t you oppose government interventions like these, and put your faith in the invisible hand of the market?
If you like big-government corporate welfare, though, this sounds like the program for you.