There is a severe oversupply of engineering graduates in the US, that's all there is to it. All hardware engineering jobs have been colocated with the actual m

There is a severe oversupply of engineering graduates in the US, that's all there is to it. All hardware engineering jobs have been colocated with the actual manufacturing facilities they are designing for – i.e., Asia-Pacific. Even the reduced number of graduates is too many, because the demand is virtually zero. People are not dying and retiring as fast as the industry itself is.