A new report finds that the number of science, technology, engineering and mathematics jobs available in the Bay Area will soon vastly outpace the number of skilled workers who are available to fill such jobs. On the surface, this appears to be good news for STEM workers, who will soon have a wider range of job opportunities available to them. However: such market conditions can also place greater pressure on employees once they have been hired, and increase the potential for wage and hour disputes. These conditions can also increase the potential for workers to be misclassified as independent contractors. Learn more about the projections for the STEM market, and how a California employment attorney can help STEM employees negotiate the working conditions to which they are legally entitled.
The San Francisco Business Times examined the future of California’s STEM job market by analyzing a series of statistics. In May 2015, the California Employment Development Department reported that there were twice as many online job postings for STEM jobs as the number of unemployed STEM workers. This current scenario is likely to be exacerbated in the coming years by a series of factors. First, California is projected to add about 200,000 STEM jobs over the next five years, according to the Bureau of Labor Statistics and reports issued by the State of California. Next, many STEM employees will soon age out of the job market. Over half of California’s STEM employees face retirement in the next five to ten years. Finally, STEM jobs require advanced degrees that greatly narrow the field of suitable applicants. For reference: 33% of the working population in California holds college degrees, but 75% of STEM jobs will require a bachelor’s degree or higher. Continue reading