In the next eight years, US jobs in science, technology, engineering, and math (aka STEM) are expected to grow 10.5%, to more than 11 million. This equates to adding more than 1 million positions between 2020 and 2030. Experts suggest there are not currently enough qualified STEM degree graduates to meet employment demands.
The U.S. Bureau of Labor Statistics, which measures labor market activity, predicts that STEM occupations are projected to grow 1.4 times faster than non-STEM occupations (10.5% STEM vs. 7.5% non-STEM) between 2020 and 2030.
One solution for US tech companies looking to meet the growing need? International students with advanced STEM degrees.
“There are more jobs than there are Americans to fill, especially in high-demand fields such as STEM,” says Shelley Landry, senior director of Government Relations at Shorelight. “As America faces a labor shortage, US companies have been clear that increasing the STEM talent pool to include highly trained international students is one of the key ways we can continue to strengthen our economy and remain a global leader in science and technology innovation.”
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