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ERIC Number: ED580022
Record Type: Non-Journal
Publication Date: 2013-Jun
Pages: 38
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
The Hidden STEM Economy
Rothwell, Jonathan
Brookings Institution
Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor's (BA) degree, overlooking a strong potential workforce of those with less than a BA. This report presents a new and more rigorous way to define STEM occupations, and in doing so presents a new portrait of the STEM economy. Of the $4.3 billion spent annually by the federal government on STEM education and training, only one-fifth goes towards supporting sub-bachelor's level training, while twice as much supports bachelor's or higher level-STEM careers. The vast majority of National Science Foundation spending ignores community colleges. In fact, STEM knowledge offers attractive wage and job opportunities to many workers with a post-secondary certificate or associate's degree. Policy makers and leaders can do more to foster a broader absorption of STEM knowledge to the U.S workforce and its regional economies. [This report is authored by the Brookings Institution's Metropolitan Policy Program.]
Brookings Institution. 1775 Massachusetts Avenue NW, Washington, DC 20036. Tel: 202-797-6000; Fax: 202-797-6004; e-mail: webmaster@brookings.edu; Web site: http://www.brookings.edu
Publication Type: Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: Alcoa Foundation; Annie E. Casey Foundation; Ford Foundation; Microsoft Corporation; John D. and Catherine T. MacArthur Foundation; Heinz Endowments; George Gund Foundation; Surdna Foundation
Authoring Institution: Brookings Institution
IES Cited: ED577564