As if the coming wave of foreign engineers resulting from the inevitable immigration bill isn’t bad enough, I saw this comment left on a Wall Street Journal article:

At my recent 40th Stanford reunion, everyone I knew who had stuck with engineering (as opposed to becoming an entrepreneur or a VC) was either unemployed or in fear of becoming so. A woman from my freshman dorm told me her brother who’d gone to MIT was also unemployed as were many of his classmates.

When not even a Stanford or MIT engineering degree is good enough to keep an engineer employed at 60, there is genuinely no market for engineers that age. Plan accordingly.