| We are in the "Bust" phase of the STEM Crisis Myth[0] > [Anxiety over the STEM Crisis] has tended to run in cycles that he calls "alarm, boom, and bust." He says the cycle usually starts when "someone or some group sounds the alarm that there is a critical crisis of insufficient numbers of scientists, engineers, and mathematicians" and as a result the country "is in jeopardy of either a national security risk or of falling behind economically." [...] > The problem with proclaiming a STEM shortage when one doesn't exist is that such claims can actually create a shortage down the road, Teitelbaum says. When previous STEM cycles hit their "bust" phase, up-and-coming students took note and steered clear of those fields, as happened in computer science after the dot-com bubble burst in 2001. > Clearly, powerful forces must be at work to perpetuate the cycle. One is obvious: the bottom line. Companies would rather not pay STEM professionals high salaries with lavish benefits, offer them training on the job, or guarantee them decades of stable employment. So having an oversupply of workers, whether domestically educated or imported, is to their benefit. It gives employers a larger pool from which they can pick the "best and the brightest," and it helps keep wages in check. No less an authority than Alan Greenspan, former chairman of the Federal Reserve, said as much when in 2007 he advocated boosting the number of skilled immigrants entering the United States so as to "suppress" the wages of their U.S. counterparts, which he considered too high. EDIT: I forgot about the sidebar. This isn't the first time the MIT President has spoken about the STEM Crisis. Here's a quote from the article and compare it to the 2026 quote from Kornbluth. > "Our national welfare, our defense, our standard of living could all be jeopardized by the mismanagement of this supply and demand problem in the field of trained creative intelligence." James Killian, president of MIT, 1954 > "And frankly, it’s a loss for the nation: When you shrink the pipeline of basic discovery research, you choke off the flow of future solutions, innovations and cures – and you shrink the supply of future scientists." - Sally Kornbluth, president of MIT, 2026 I don't mean to pick in MIT specifically, and I do think they are right to call out this administration for its disruptive behavior. They are hardly alone, and undoubtedly more will speak up. However we must rethink how we handle STEM education and employment because the current relationship is untenable. At the very least we should invest in repatriating existing STEM workers who aren't in the field. Otherwise the cycle will repeat to everybody's detriment. [0]: https://spectrum.ieee.org/the-stem-crisis-is-a-myth |