What the article does not state is that many scientists and engineers are without a job as soon as they graduate, simply because high-paying jobs are leaving the country in large numbers. These new graduates are unemployed yet they do not appear in unemployment statistics.
It is suggested these days to start your own business. Are we becoming a country of cottage industries as in pre-industrial revolution days? That the larger companies (Exxon, Microsoft, etc.) are not hiring but instead outsource will do us in as a nation. But, then again, who the hell cares when one can make a faster buck overseas even if it is at the country's expense. I am safely retired, but my heart is saddened when I think of the next generation.
Give me back the cold-war days when there was plenty of work and little illegal immigration. I prefer the fear of an atomic attack over that of the knowledge that my college degree in engineering is not worth the paper it is written on.
Yes, you are correct. My son just graduated from an Atlantic 10 school and is Fortunate enough to have been hired by a huge finance/investment company.
He is considered fortunate to have gotten the new job because it MAY have a future. However, he has kept his old job as well and now has 2 full time jobs.
It is sad though that both jobs pay the same. The same paycheck from a large corporation that requires a great resume and an education, as from a job that would hire a high school drop out.
Point being that the market is flooded at all levels. Corporations know that the better job pickings are few, so that newbies have to take anything they can get.
Scares the hell out of me for my children.