Why more offshoring is inevitable: 55K graduates for 160K CS jobs (2008 data)

csl.stanford.edu

2 points·muneeb··3 comments

According to the Insitution of Engineering and Technology in the UK, Computer Science students are more likely to be unemployed than graduates of any other STEM subject (16%).

Computer Science graduates are more likely to be unemployed 6 months after graduating than Social Studies, or All Graduates, both of which are ~10%.

I realize these figures are for America, but I have to suspect something is up. Outside Silicon Valley, software industry wages don't reflect a deficit like that. In the UK, Finance and Management graduate programs remain much better paid than Software Engineering, with better wage prospects. I think if there really was the lack of talent described, we'd see a correction.

(Figures 2011-2012, Page 4 IET Magazine Vol 8 Issue 7)

> Outside Silicon Valley, software industry wages don't reflect a deficit like that.

I don't know that wages are really that high in Silicon Valley either. People get paid well there because it's crazy expensive to live there. By the time you have paid the premium for living in the area, you may not be walking away with much more than you would living and working anywhere else in the U.S.

I think that more "offshoring" is part of that correction. A programmer only needs a laptop + a good Internet connection to be productive from anywhere.

I'd have to look more into the UK data, but more likely to be unemployed just sounds strange.

Reply on news.ycombinator.com