Does the EU need more STEM graduates?
With the advent of the '4th industrial revolution', technology-driven innovation and growth have become focal points. It means that the future labour market will be very different in many sectors and that skill requirements are changing rapidly.
The so-called STEM-skills (Science, Technology, Engineering and Maths) are regarded as being central when it comes to promoting innovation in the enterprises.
Consequently, the demand for STEM-graduates has been increasing in the last few years. Many enterprises and trade organisations are voicing the opinion that there will be a lack of employees with STEM-skills. However, a new report from Danish Technological Instituteshows that STEM skills shortages are not universal in the EU, but are particular to regions with a high concentration of high–tech and knowledge-intensive companies, including ICT services.
Furthermore, the demand for STEM graduates is not universal but is concentrated on particular qualification profiles within the broad field of STEM.
There is evidence that STEM graduates in spite of demands are confronted with a number of barriers in the transition to labour markets, which could explain why so many STEM graduates seemingly end up in non-core STEM sectors.