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Computer Science, a popular college major, has one of the highest unemployment rates
(www.newsweek.com)
This is a most excellent place for technology news and articles.
.... There was a period from the 1940s to the 1970s when this was more common-place. But historically this kind of cut-throat wage squeeze was very normal, particularly in the industrialized American north.
One of the driving forces behind improvements in the American capitalist model, wrt pensions and professional job security and a regulated relationship between business and labor, was European Communism. The allure of the revolutionary communist reconstructions (and less revolutionary socialist rebuilds) drove some significant number of Western professionals into the waiting arms of Papa Stalin and a fair number more into large labor unions and socialist political ideologies.
Without the USSR as foil to the capitalist system, there is less urgency among the capitalist class to negotiate with labor and less optimism among American workers to achieve some kind of superior economic position.
That, combined with an absolute tsunami of corporate propaganda to brainwash civilian workers, a swelling pustule of a police state to cow the lumpen proletariat, and a Global War on Whatever to galvanize young liberals and conservatives alike against the phantom menace of foreign invasion, has supplanted any kind of negotiating between capital owners and their wage cuck workers.
The only thing you have to hope for in the modern day is a big enough 401k such that you can live like a parasite rather than the host.