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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.
As a Computer science graduate, I have to say:
No shit! The industry is terrible and has no standards (I don't mean level of quality but there is no agreed accreditation or methodology). If you do end up in a job you will most likely not use even 5% of what whatever school you went to taught you. You will likely work for peanuts as there will always be someone to do it cheaper (not always right, or good, or even usable). You will work with people doing your job that just lied about having any post secondary education. There is almost no ability to move up in any position in the industry, and like everyone I know that stuck with it you will have the same job until you stop working (you will have to take a side move into another department most likely). This is also the industry most likely to get touched by the "good idea fairy" so you will also be exposed to the highest levels of stupid, like 3 layers of outsourcing the NOC to an active warzone sort of stupid.
I should have known it was a bad idea in college when most of my classmates where ACTIVELY WORKING IN THE INDUSTRY TO PAY FOR SCHOOL so they could get a piece of paper that said they could do the thing they where already doing. But I did my 15 plus years and got out, I have my own business now selling drugs and it is way less sketchy.
Change jobs every three years until you find a place that doesn't suck.
The insanity of the industry is that employers will hire some schmuck with "10 years experience" on their resume for twice what they're paying the guy who has worked at the firm for ten years.
Eventually, you can get yourself into a position where you're unfireable, because you are the only one who knows about the secret button that keeps the whole business from falling over.
That's when you can really squeeze'm
Most of my social circle is in tech and we're spread across or have worked for basically every company in our city and that isn't really a thing here.
If you know a big chunk of your city's skilled developers and you collectively agree all the firms suck... might not be a bad idea to start organizing and withholding your labor as a unit.
I only know a handful, we've all just moved around a lot through our careers.