What STEM shortage? Electrical engineering lost 35,000 jobs last year

Re:What STEM shortage? Electrical engineering lost 35,000 jo... by bchjam on Friday January 17, 2014 @09:58AM (#7076043)

I think the govt is pushing STEM more out of a desire for its perceived competitive advantage than anything to do with today's job market

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Re:What STEM shortage? Electrical engineering lost 35,000 jo... by planetjones on Friday January 17, 2014 @10:03AM (#7076073)

I think they have to push something and STEM is what the frontbench in Government perceive as cool - no doubt their management consultants concur! Plus they're struggling to sell financial services as a viable career at the moment - though that's another example of where jobs are flowing East.

The program I watched was also interesting as it followed HSBC who had brought call centre jobs back from India to the UK - what it failed to mention is that the higher paying STEM based jobs are moving (rapidly) in the opposite direction!

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Re:What STEM shortage? Electrical engineering lost 35,000 jo... by mason55 on Friday January 17, 2014 @10:37AM (#7076279)

> Plus they're struggling to sell financial services as a viable career at the moment - though that's another example of where jobs are flowing East.

FinServ is a great target for offshoring, even better than software IMO. The tasks are more rote/routine and well defined which makes it much easier to send it to a cheap team in India. The big concern is the competitive advantage of the information but if you just work as a clearinghouse then it's not as big of a deal since the information is not proprietary.

A friend of mine works at a financial research offshoring company and they were just acquired by Moody's.

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