Future S&T Human Resource Requirements in the Philippines: A Labor Market Analysis

Janet Cuenca, Jose Ramon Albert, Kris Francisco, Ana Maria L. Tabunda, Jana Flor V. Vizmanos, Carlos Primo C. David and Charlie S. Labina

No DP 2020-32, Discussion Papers from Philippine Institute for Development Studies

Abstract: This study aims to describe the prevailing supply and demand conditions, patterns and recent trends regarding science and technology (S&T) human capital in the Philippines by examining secondary data from various data sources. Overall, the results show that although the scientific workforce constitutes only a minute share of the total workforce, and that the variegated occupations across S&T do not have uniform growth potentials as regards employment, both the government and the private sector need to support most of S&T disciplines, especially in the wake of new tasks from emerging technologies of the fourth industrial revolution. Despite an increasing demand for S&T resources and indicators on employability prospects, many of the young do not pursue and persevere in science, technology, engineering, and mathematics (STEM) careers. Government and the private sector should be incentivizing them toward STEM even as early as junior high school. Providing financial assistance or scholarships can be helpful, but this alone may not be enough to produce the needed pool of future S&T human resources. Government is advised to also gain insights on various factors that affect the supply of S&T workers to craft necessary policies for incentivizing S&T graduates to persevere in their disciplines, and actively participating in the economy. The future appears favorable for engineers given our current level of productivity, technology, and projected growth. In contrast, the economy may not be able to accommodate the increasing supply of workers with computing/information and technology background. Although some, if not many, of those with computing skills may be accommodated in new jobs. Still, it may be prudent to substantially invest in S&T human resources, and provide supporting mechanisms to make our S&T human resources agile and our innovation ecosystem flourish. Comments to this paper are welcome within 60 days from date of posting. Email publications@mail.pids.gov.ph.

Keywords: science and technology; human capital; human resources; labor market; innovation; science; technology; engineering and mathematics (search for similar items in EconPapers)
Date: 2020
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