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Cliff Waldman is a senior economist at Manufacturers Alliance for Productivity and Innovation, an Arlington, Va., public policy and economics research organization. Last December he told US Black Engineer & Information Technology magazine that the U.S. conundrum is that the country is the largest industrial power, but manufacturers struggle to fill technical positions.
Thatís partly because not enough Americans study science, technology, engineering and math (STEM), and also because says Waldman many graduates ďare wasting their talents in finance when we need them to advance manufacturing.Ē
Waldman says many STEM students are unaware that well-paying occupations are available at small- and medium-sized manufacturing companies. In 2011, the smallest companies on the Fortune 1,000 list still earned at least $1 billion in annual revenue.
As STEM students research the giant companies, they should also look seriously at those under $1 billion. In 2012, an Ohio State University Fisher College of Business and GE Capital research report stated that those mid-sized firms accounted for a third of the nationís GDP and more than 41 million jobs.
An unbeatable value for a STEM graduate at a smaller, more nimble and innovative company is that she or he will be involved more deeply in a wider array of tasks than at large firm.
Waldman also urges STEM students to consider becoming entrepreneurs. Not everyone, he says, may create a global company but there are other multi-million firms waiting to be founded by a someone with vision.
The development of science, technology, engineering and math (STEM) careers is integral to America's advancement. Career Communications Group publications--US Black Engineer & Information Technology magazine, Hispanic Engineer & Information Technology magazine and Women of Color magazine--offer a blueprint for continued growth and success in STEM fields by highlighting progress and people at all stages of the STEM pipeline; from the college student taking his first engineering courses to the senior executive managing the projects that will change the ways we live.
A Unique Company Providing Unique Opportunities Career Communications Group, Inc. was founded 25 years ago with a unique mission: To promote significant achievement in science, technology, engineering and mathematics professional careers. We are a socially conscious diversity media company that recognize the mandate to inspire and promote excellence in our youth by telling the stories of the thousands of unheralded people striving for success. The people we reach provide top employers a unique opportunity to fulfill their mission of hiring this country’s most promising talent. We offer inspiring magazines, award-winning syndicated television programs and national conferences to reach hundreds of thousands of students and professionals who share these traits: A determination to succeed and the commitment to be personally responsible for that success. Their attitude of self-empowerment creates a unique hiring environment for companies and other organizations seeking top talent to diversify and strengthen their workforce.