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The Future of American Jobs...................................................................................................... 2
are really plenty of jobs out there. But the kind of workers those jobs require are in short supply, even while the type of work done by legacy employees is drying up. Consequently, we have an over-supply of low-skilled workers, and an under-supply of high-skilled workers. This skills gap is only going to widen as time goes by. So far, the U.S. economy, despite its strong base of high-tech industries, has done a fairly poor job of educating the nations youth to prepare them for the coming wave of scientific advances that will be essential for highly technical industries. Right now, many of Americas high-skill jobs are going overseas to people in Europe, Japan, and Singapore, where the level of education in science, math, and engineering is higher.
"Despite the clear demand for STEM talent by domestic employers, the U.S. is failing to produce an ample supply of workers to meet the growing needs of both STEM and non-STEM employers," posits a report being released Friday by the U.S. Congress Joint Economic Committee. STEM stands for science, technology,
engineering, and mathematics.