| HappySqurriel said:
In spite of the massive growth in IT, and the amazing need for people with engineering, math, science and technology degrees, the number of graduates in in-demand fields has remaind stagnant for 30 years while there has been an explosion in "worthless" degrees. |
I can honestly say that the vast majority of the people I know out of work are people with computer science degrees. The IT field became over-saturated when the private sectors started slashing entire IT departments. The trickle down effect has been destructive. People who made 100k/yr are taking 40k/yr jobs, and those who normally would be at the skill/experience level of a 40k/yr jobs are now making around 20/k yr working retail jobs.
The end result is a whirlpool of econonic ruin. Less money made = less money to spend = fewer purchases = lower sales = lower business profit = more layoffs.
In fact, I can say that most of my musician friends (ones with actual music degrees) are gainfully employed. The issue at hand is that in the mid 90s and early 200s, there was a big push for computer science degrees, and now its coming to bite the IT world in the ass.
The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey
http://www.thecarnivalofshadows.com
