Paul Solman: There aren’t enough IT jobs to meet demand? Vivek Wadhwa, director of research at Pratt School of Engineering, Duke University and a fellow at Stanford Law School, questions that claim. He responds to Wednesday’s post on the Making Sen$e Business Desk from Hal Salzman, B. Lindsay Lowell and Daniel Kuehn, in which they argued that competition from high-tech guest workers is keeping domestic workers’ wages low and making it harder for native STEM graduates to find jobs in their fields.
Wadhwa, the author of “The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent,” takes issue with much of their reasoning and shows that the demand for STEM workers in this country is still higher than the supply. “Data may say it’s a sunny day, but you need to open the window to make sure that it isn’t actually raining,” Wadhwa says, confronting Salzman’s work.
In earlier Making Sen$e posts, Wadhwa broke through conventional wisdom to argue that innovation comes from experience, and that twice as many entrepreneurs are over age 50 as under 25. Now, read Wadhwa’s attempt to open the window onto another kind of Silicon Valley diversity.
Vivek Wadhwa: Early in my academic career, at Duke University, I researched the graduation rates of engineers in India and China. Based on the numbers, I concluded that India’s IT industry would perish, China would rule the world in innovation, and the U.S. was doing just fine. (more…)