Labor market fraud – the fake shortage of scientists and engineers

The following article appeared recently at CNNMoney:

Confronting the coming American worker shortage -Fortune Management.

The article asserts that “Predictions of a shortage of American math and science professionals have grown dire” but notes that “For decades, companies have been sounding alarms by funding a plethora of projects, studies and surveys, and publicly advocating for more training and higher education standards for American workers.”

A simple search of the internet will turn up many similar stories from major news organizations and the business press.  These stories are in fact grossly incorrect.

This paper documents how the US government worked with industry to create the illusion of a shortage of scientists and engineers.  The goal was to lure US students into graduate programs and justify importing foreign students to create an oversupply of advanced technical workers, saving government and industry on labor costs.

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