Also, up here in Ct, we have a glut of Engineers, me being one of them, only an AS, but 7 years experience as project engineer/designer.
The issue is not lack of engineers, it is lack of jobs.
If Thomas Edison griped about the lack of jobs in backward America, we would still be reading by candle light. Engineers have knowledge. Engineers who want to lead can become like Edison. It's not that hard to create things. You just have to get off your ass and go do it. Bill Gates figured this out in his first year of college. He left the stuffy academics to their pretentions and created a whole new sector in the computer industry that was avoided by IBM, Digital, and Sun.