The U.S. Department of Commerce’s Economics and Statistics Administration recently issued a report that found significant benefits to pursuing jobs in science, technology, engineering, and math disciplines.
The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) issued a report last month that found significant benefits to pursuing jobs in science, technology, engineering, and math (STEM) disciplines. On average, workers in STEM jobs across all levels of educational attainment earn more money and experience lower unemployment when compared with workers in non-STEM jobs.
The report’s authors, David Langdon, George McKittrick, David Beede, Beethika Khan, and Mark Doms, in ESA’s Office of the Chief Economist, “define STEM jobs to include professional and technical support occupations in the fields of computer science and mathematics, engineering, and life and physical sciences. Three management occupations are also included because of their clear ties to STEM.”
Across all levels of educational achievement, the authors found a significant premium for workers in STEM jobs. Even after running a regression to control for a variety of demographic, geographic, and other characteristics, the authors found a significant advantage to working in STEM fields. Workers with less than a bachelor’s degree earned more than 30 percent more in STEM fields than in non-STEM fields. For those with a bachelor’s degree, the regression-based premium was 23 percent, and for those with a graduate degree, the premium was 12 percent.
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Source: David A. Kronig | FYI: The AIP Bulletin of Science Policy News