What is STEM?
STEM stands for Science, Technology, Engineering and Mathematics. It is a topic that has drawn more attention in the past few years among educators, workforce development professionals, businesses, and politicians alike.
Why is STEM important?
While the American economy has shed many jobs recently, the U.S. Department of Labor estimates that in just four years there will be a shortage of more than 10 million skilled workers, many of which fall under the STEM umbrella. Consider this:
- Through 2014 employment in science and engineering occupations will grow about 70% faster than employment in all other occupations.
- Enrollment in undergraduate degree computer science programs is less than half what it was five years ago.
Fortunately, there is an upside. Did you know?
- The average wage/salary of for STEM occupations in May 2005 was $64,560; the average for all occupations was $38,870.
- Some STEM occupations can begin with one year or less credentials.
Collective efforts are being made at the federal, state and local levels to generate awareness, allocate resources and train and educate our workforce to meet the growing demand for STEM professionals. The SWWDC along with other key partners is taking a leadership role in this front.
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