Problem is, Numonex, overpopulation. When you get X amount of people all with the same set of skills, and they prepared for nothing else, then they are fighting for the same amount of limited positions. Some fine tune their skills in that one area, get masters and PHDs. Once everyone has a PHD, I dont know what will happen. Of course, to get to PHD status, you need a lot of cash for school, so economic levels might play a part in it.
This is why its good to diversify your skillset. For example, I majored in music, but had a strong skill/hobby for computer repair/troubleshooting. I've pretty much worked in tech industry during and after college. I've used my music training on the side, for hobby, my band, etc. It DID get me involved in game development though.
Yet if you're gonna survive in the working world, you should have a few different skillsets to fall back on if your area of study has a dried up market. THis happened to the people of my age-range. A ton of people went into computer science and psychology. Both markets are pretty bare now.









