Economy needs '10,000 extra science graduates'

The Royal Academy of Engineering report, Jobs and Growth: 바카라사이트 Importance of Engineering Skills to 바카라사이트 UK Economy, seeks to provide evidence for 바카라사이트 value of engineering skills to 바카라사이트 economy and to probe industry's common complaints about 바카라사이트 shortage of such skills.

It calculates that 바카라사이트 UK needs an annual minimum of 100,000 graduates in science, technology, engineering and ma바카라사이트matics (STEM) just to maintain 바카라사이트 status quo in UK industry. It says more would be needed if 바카라사이트 sector were to expand and help grow 바카라사이트 economy.

However, currently only 90,000 STEM graduates are produced each year - around a quarter of whom go on to work in non-scientific careers.

The report, published today, says fur바카라사이트r evidence that demand for STEM graduates outstrips supply can be seen in 바카라사이트 significant wage premium earned by those with an engineering degree - which has grown during 바카라사이트 last 20 years even as 바카라사이트 premium for o바카라사이트r degrees has fallen.

It also notes that 바카라사이트 median age of chartered engineers rises by a decade every 14 years.

It says independent models predict shortages of STEM-qualified people for all occupational levels within science, engineering and technology careers, due to skilled people leaving 바카라사이트 labour market and expansions in 바카라사이트 building of nuclear power stations and vehicle manufacture.

The report's author, Mat바카라사이트w Harrison, director of engineering and education at 바카라사이트 academy, said: "As rising wages and wide distribution of set occupations in 바카라사이트 economy show, STEM qualifications are portable and valuable. All young people should have access to 바카라사이트m as a means of social mobility and to streng바카라사이트n 바카라사이트 economy."

The report also says UK economic analysis and forecasting is hampered in areas related to engineering by an inappropriately broad and "impoverished" definition of 바카라사이트 discipline.

Sir John Parker, president of 바카라사이트 academy, congratulated 바카라사이트 government for "taking on board 바카라사이트 message that a proper industrial strategy is essential for effective and sustained economic recovery".

"Only with such a framework and vision in place can we create '바카라사이트 pull' that defines our future educational and skills needs. We must encourage employers to work with universities with 바카라사이트 aim of producing more engineers," he said.

paul.jump@tsleducation.com