There are plenty of jobs for engineers. PHd lab rats are nothing but academic whores. They don’t deserve a job just because they have lost of book learning. Tell me you can design hardware or write good code or fix things or devise new insruments or better widgets that can be sold.... then you will have a job. Tell me you want to spend your time researching things that interest you and may or may not be useful??? Those guys are a dime a dozen.
In a related story...
Air Conditioning repairmen earning $100/hr. cannot keep up with demand for services.
There are jobs...I wouldn’t say plenty, for engineers but not for recent graduates. I just tried to help a graduating Lehigh university engineer to get a job, and although I’ve worked for 50 years in the chemocal business, I couldn’t help him.
I’m working still myself at 72 so I guess I’m taking someone’s job. But then they don’t have to pay me benefits and I don’t make as much as I used too, but now there are people with experience like me, available at the full cost of a new hire.
Don’t blame the new graduates. PhD’s are necessary and they were sold out by the system as the article says.
Yes. Phd is way overrated.
Perhaps of a certain age. Try being told by a headhunter their client is "looking for someone younger" and not even being retirement age.