I think there have been two times in the past 15 years that it's happened. Once in 2000ish after the first tech crash and once again starting in 2008 as the ge

I think there have been two times in the past 15 years that it's happened. Once in 2000ish after the first tech crash and once again starting in 2008 as the general recession took hold. We haven't recovered from the recession yet, and although corporations are making more money now than [in some cases] ever before, there isn't adequate profit sharing via increased salaries and broader hiring to affect worker sentiment in a meaningfully positive way. I graduated in 1999 and, after shifting from physics to history mid-way through, I got a temp-to-hire job doing web dev as the bubble was popping. while everything worked out for me, things are not working out for people who've graduated in the past few years. I only paid $2500/semester tuition and, with a 15-25hr/wk side job was able to live happily and graduate with barely any debt, which I repaid in the first year of employment. Many public universities now charge upwards of $15k/yr tuition for in state students -- this is just untenable for the majority of matriculating high school grads given the current job market. When I went to college, my engineer father said "study anything that interests you. You're smart and if you work hard you won't have any trouble finding good work." He was right. Now, when my son is planning and preparing for college, I will very strongly encourage him to pursue an engineering degree with a minor in math, statistics, or economics... unless he's set on a physical science, in which case I'll encourage at least a minor in CS. I don't want my kids to be forced into unskilled work while carrying boatloads of debt, and the way things are going, the only pretty reliable way around that is to have the skills and knowledge to create things (and communicate clearly verbally & in writing). Like rayiner, I'm pessimistic. Living/working through this and experiencing wage stagnation and utter apathy from employers & government only reinforces it.