Almost daily we have article plants by corporate lobbyists claiming a dire shortage in skilled labor, specifically Scientists, Technologists, Engineers and Mathematicians. These occupational areas are collectively known as STEM. Yet the Washington Post, normally a bastion of corporate drum beating propaganda and economic nonsense, called cash on the cry for more Science, Technology, Engineering and Mathematics workers. They point to the glut of PhDs in the United States, in part due to the offshore outsourcing of pharmaceutical research.

Michelle Amaral wanted to be a brain scientist to help cure diseases. She planned a traditional academic science career: PhD, university professorship and, eventually, her own lab.

But three years after earning a doctorate in neuroscience, she gave up trying to find a permanent job in her field.

Dropping her dream, she took an administrative position at her university, experiencing firsthand an economic reality that, at first look, is counterintuitive: There are too many laboratory scientists for too few jobs.

While the Wall Street Journal tries to claim software engineer is the best job, whistle blower Jay Palmer is blowing the lid off the dire straights most American technical workers are facing today. We have brazen labor arbitrage through abuse of the United States foreign guest worker system. American workers with college degrees, high skills and years of experience, are either fired or not hired. Systemically U.S. STEM labor is displaced and replaced by cheap foreign guest workers, some on immigration visas which are not even legal.

Today Federal Reserve Chair Ben Bernanke testified before the House Budget Committee. The quote which implies America could become Greece is this:

Even the prospect of unsustainable deficits has costs, including an increased possibility of a sudden fiscal crisis. As we have seen in a number of countries recently, interest rates can soar quickly if investors lose confidence in the ability of a government to manage its fiscal policy. Although historical experience and economic theory do not indicate the exact threshold at which the perceived risks associated with the U.S. public debt would increase markedly, we can be sure that, without corrective action, our fiscal trajectory will move the nation ever closer to that point.

Greece?   Really?   Business Insider calls this plain annoying. The comparison is the wrong country. America really looks like Japan. The dire warning the United States could become like Greece is really about health care costs. Federal outlays for health care are already 5% of GDP and we have apocolyptic projections for meteoric health care costs increases. Here's Bernanke on those:

Congressman Peter DeFazio smelled a rat and boy did he find one. A host of Oregon forest thinning and clearing jobs, created by the American Recovery Act and funded by taxpayer dollars, went to foreigners, brought over on H-2B guest worker visas, instead of unemployed Americans. DeFazio fought and obtained funding for those forest projects and jobs in the 2009 Stimulus bill. DeFazio assumed with so many unemployed and desperate U.S.