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Academia. The tutorial employment sector thought of here comprises 2- and four-12 months schools, universities, and university-affiliated research institutes. STEM graduates at the bachelor’s level are typically employed as research assistants, analysis associates, or technicians. Master’s-level graduates are employed predominantly as research associates and staff scientists or, at instructing institutions, as instructors or lecturers. The minimum requirement for a tenure-monitor professor position is a Ph.D., with many positions now even requiring a number of postdoctoral appointments (postdocs). We found no literature proclaiming a scarcity of STEM graduates in the academic employment sector. On the contrary, quite a few articles bemoan the shortage of permanent faculty positions—a state of affairs that forces young Ph.D.’s to take low-paying momentary positions as postdocs and adjunct school.
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We introduced the taxicab queuing model as a metaphor for the STEM labor market. Depending on the STEM job segment, we are able to either have a queue of positions waiting to be filled (cf. taxis) or a queue of STEM staff ready for jobs (cf. passengers). The characteristics of the queue depend upon various factors: the rate of job turnover (cf. taxi service price); the STEM employee arrival price (cf. passenger arrival price); the number of positions available (cf. the variety of taxis within the fleet); the situation of the job; the diploma held by the employee (cf. type of taxi); and the worker’s citizenship standing. The model also highlights the probabilistic nature of the supply-and-demand market: random fluctuations may cause job segments that traditionally have a shortage of employees to have a surplus, and vice versa. Though we at the moment lack the info to operationalize the model, it presents a novel approach to characterizing the variation throughout STEM job segments.
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