Electrical Engineer Unemployment Soars; Software Developers' Rate Drops to 2.2%
dcblogs writes "The unemployment rate for people at the heart of many tech innovations — electrical engineers — soared in the first quarter of this year to 6.5%. That's nearly double the unemployment rate from last year. The reasons for the spike aren't clear, but the IEEE-USA says the increase is alarming. At the same time, U.S. Labor Dept. data showed that jobs for software developers are on the rise. The unemployment rate for software engineers was 2.2% in the first quarter, down from 2.8% last year. This professional group warns that unemployment rates for engineers could get worse if H-1B visas are increased. The increase in engineering unemployment comes at the same time demand for H-1B visas is up."
One cause for the lack of demand of electrical engineers is that the hardware design and manufacturing is located to cheaper countries. However this also means that the competence level of the existing engineers declines slowly since they lack the experience from production.
If builders built buildings the way programmers wrote programs, then the first woodpecker would destroy civilization.
All those startups writing mobile apps and creating cloud based services need software engineers.
They don't need electrical engineers.
Needing electrical engineers implies building hardware. Investers don't like hardware. It takes too long. It cost too much.
That leaves only established companies for the hardware engineerr and they are more interested in the profitablity of existing markets then in creating new ones. Hense, not a lot of hiring.
As a 25 year chip/hardware engineer, the last 18 of which mostly as a hiring manager in Silicon valley at bleeding edge small and medium sized companies I can say categorically that it's never been easy to find engineers as I good as I wanted to find, and I don't recall it ever being worse than it is right now...I have people asking me left and right for IC and H/W people and I have non to recommend to them. My experience with H1B's is at odds with much I've read on here and elsewhere...and it leads be to the conclusion that there is abuse of the H1B system in roles such as the IT service industry, but in R&D taking the pick of the worlds best people is the life blood of US innovation, it always has been and it continues to be. I don't know what the IEEE's agenda is, but I can say absolutely that there are incredible opportunities available and apparently no-one who can legally work in the US who have have what it takes to hold them down.
Meanwhile, CEO salaries are off the charts. We need to bring in some highly qualified CEOs from other countries where they're used to working for less than $1 million a year.
Hmmm, I'm not sure how I'm supposed to code the stuff I learned in: Microwave Measurements, Photovoltaic Solar Energy Systems, Optoelectronics, Antenna Theory and Design, Semiconductor Processing, and Microelectronics Packaging.
I guess I could always fall back on my first year C programming class. I'm sure there are plenty of companies who need somebody to make their embedded device say "Hello World"
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I'm approaching my 20th year in the tech industry, so I've been around the block a few times. Tech workers are abused because we allow ourselves to be. Unfortunately that will probably not change for a generation or more, maybe never. We give employers the power to abuse us. The industry manipulates because it can, because we let them. They will not stop out of the goodness of their hearts. Maybe a bit more abuse will be necessary to wake us up. Maybe nothing will be enough. Who knows?
Sure there are CEOs who got there through doing "something pretty damn original that sets them apart". But so many of them are just charismatic business school alums who are well-connected and really good at schmoozing and giving speeches. For every big tech company with a star CEO who "gets it", there are at least 100 tech companies with CEOs whose knowledge of the company doesn't go much deeper than the stock price and which sales guys are the best to talk to about their favorite sports teams.
I'm not complaining about people like Larry Page. Not even about people like Zuckerberg. People who had an idea, risked something and it turned out to be a hit. No problem with them now turning profits that I couldn't dream of. They're the kind of CEOs I can dig, and I don't envy them a cent of their fortune. They did something great (ok, it's debatable whether FB should be considered "great", but it's successful), they had an idea, and they had the drive to make it come true.
Who I have a problem with is CEOs that move from company to company, milk them for a few years, kick out a few workers to boost stock value briefly to pump up their bonus, then when the company is driven into the ground they march on to ruin the next one. I neither understand how they get hired again and again, and neither do I have any kind of respect for them.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
The first job is by far the hardest to get. After that first job though, if you're good, you'll be sought after by former bosses and colleagues as they move around in the industry. But if you're not good, you'll be the guy on Slashdot complaining that he doesn't understand why unemployment is so low but he gets passed over time and again.
America is the place for the best, so if you're missing talent - bring them in. That's how project Manhattan was accomplished. And that's how all the reolutionary progress is made. You don't look at where they are from, but what they can do. Once the protectionism and nationalism starts, the you're no longer the best, and just become one of the European Middleweights. So sure, if you want to fail in the long run, ban all workforce and intelligence imports.
there is no issue with my network