For much of the past decade, the employment situation in the tech industry has been so bad, for Americans, that even top grads coming out of some of the nation's finest universities, haven't been able to find jobs. That's right, not even able to find jobs, and not treated to the courtesy of a response by the tech employers.
The tech employers are hooked on low-cost H-1B labour, usually imported from offshore low-cost centres. They're ignoring domestic talent. And in many documented cases, they actually fired experienced domestic scientists and engineers only to replace them with cheap offshore individuals. R&D capabilities have been gutted to the bone. The manufacturing environment, essential for the health of the R&D sector, has similarly been gutted through high taxes and excessive government regulation.
A sign of a dying economy is that mere paper pushers on Wall Street and similar, make far more money than scientists and engineers who produce and create real things. The average Silicon Valley engineer, even at a mid-career level, can't even afford a house these days due to how much the financial bubble has pushed up prices and H-1B has suppressed the wages. We have only ourselves to blame for the mess when the shoe finally drops.