Denmark will lack over 20,000 engineers and other STEM graduates by 2040 if the trend continues. This is shown by a new projection from the Danish Engineers' Association, IDA, which warns of serious consequences for both the green transition, cybersecurity and technology development. IDA writes this in a press release.
IDA's forecast shows an increasing imbalance between supply and demand. The shortage of STEM graduates is expected to grow from 7,700 in 2030 to 16,500 in 2035 and further to 20,400 in 2040.
- Many of the major societal challenges we face today and in the long term will require more STEM graduates. In addition to the green transition and increased digitalization, the geopolitical situation has made it clear that there will also be a need to strengthen cybersecurity and ensure the building of both Danish and European defense capacity. There is therefore an urgent need for us to increase admissions to the programmes where demand will increase. If this does not happen, we will be shooting ourselves in both feet, says Laura Klitgaard, chairwoman of IDA.
IDA points out that the lack of STEM profiles is already being felt widely in the business world. Companies are recruiting from each other, which is hampering growth and development. The forecast also highlights the importance of international labour, which has grown from 12,500 to 23,500 from 2013 to 2022. However, IDA warns that pressure in the rest of Europe is increasing, and it may be difficult to cover the need solely through foreign candidates.
- Therefore, we must continue to do everything we can to offer more study places to international students on STEM programmes, and work purposefully to attract graduates with the necessary skills. But it will probably be difficult to solve the domestic challenge with international labor alone, as the rest of Europe is expected to have a shortage of labor with higher education, and competition is therefore only expected to increase, says Laura Klitgaard.
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