Science, Technology, Engineering and Mathmatics Results in Better Pay

Jobs in science, technology, engineering and math fields pay an average 26% more than other occupations and grew three times faster the past decade, according to a Commerce Department study.

The Obama administration is citing the report partly to put numbers behind its push to invest more to increase jobs in so-called STEM fields. Many employers lament a dire shortage of highly skilled workers despite 9.2% unemployment.

From 2000 to 2010, STEM jobs grew 7.9% to 7.6 million, three times the rate of other fields, the study by Commerce’s Economics and Statistics Administration says.

They’re expected to swell 17% from 2008 to 2018, vs. 9.8% for other jobs.