My parents have it made in the shade with a Cola'd pension from the feds until death. And both retired before 60.
I think a lot of folks on this board made their income in years where computer programmers and systems engineers were in high demand. The demand is still there, but I see A LOT of outsourcing of these jobs now. My nephew owns his own engineering firm and about 10 years ago he was talking about how he chose engineering because it couldn't be outsourced. You had to have a PE and be licensed in your state. Recently he told me he was wrong about that. Whatever engineering plans he needs he can outsource to engineers abroad for a quarter of the cost and then just review and certify them himself after review. I work for a large megacorp. I note that our 3 network engineers in our building are H1b visa holders and our company saves a crapload on labor costs using them. Welcome to the global economy!
Edited to add: this is why I worry about my kids. Even if they go the engineering or IT route -- will that ensure security?
I think a lot of folks on this board made their income in years where computer programmers and systems engineers were in high demand. The demand is still there, but I see A LOT of outsourcing of these jobs now. My nephew owns his own engineering firm and about 10 years ago he was talking about how he chose engineering because it couldn't be outsourced. You had to have a PE and be licensed in your state. Recently he told me he was wrong about that. Whatever engineering plans he needs he can outsource to engineers abroad for a quarter of the cost and then just review and certify them himself after review. I work for a large megacorp. I note that our 3 network engineers in our building are H1b visa holders and our company saves a crapload on labor costs using them. Welcome to the global economy!
Edited to add: this is why I worry about my kids. Even if they go the engineering or IT route -- will that ensure security?
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