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.
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.