Comment It's not all one field (Score 5, Interesting) 284
You can easily have an abundance of STEM people overall, and yet have a shortage of people in specific fields. The shortage is of course most likely in new and in growing fields, while surpluses are most likely in old and settled, or declining areas.
So, mismatch can easily explain the discrepancy without ascribing malicious intent to anybody (which is not to say there is none). Instead the problem really is the tension between learning a field and training for a specific job.
Seems US and European corporations are more and more insistent on finding workers that fit right into a specific job with little to no training*. Which seems good in the short term, but people with mostly job-specific training will have a much harder time retraining for a different kind of job when the winds inevitably change. They'll act as anchors for their employers, and collectively reduce the pool of qualified replacements if or when their employers decide to kick them to the curb.
I suspect that this practice is in fact bad in the short term as well; but since the effects across the life cycle of an employee are felt in very different parts of an organization it's not a waste that any one person will normally notice.
* Japanese corporations, on the other hand, go overboard in the other direction. They hire mostly or only new graduates for any career jobs, and you - and the company - generally don't even know what you will actually be doing once you start. They want to hire blank slates they can train and mold as they see fit.