I don't know if you remember, but not that many years ago, there was article after article about how many engineering jobs there was supposed to be about right now, and how there wouldn't be enough graduates to fill all those jobs. Also, how employable anyone with an engineering degree would be. What happened to all those jobs? Was that just hype and propaganda? Many thing that was a deliberate sham to try to flood the job market with graduates, a market that wouldn't materialize. After living in California in the 90's and seeing how firms there tried every scam to lower wages, I would have to agree with that assessment.