Re:Has the job market for CS grads changed? (Score 1)

I think you also have to compare the quality of the education between the US universities and those in other countries (the country you seem to be spotlighting is India, due to the $5 an hour salary). I think a CS degree is something more than worthwhile for an intelligent and ambitious American, that is, I believe a B.S. degree is more worthwhile than a B.A. degree. Also, you have to look at the intentions of the people pursuing these, I don't think there is anything more worthwhile if the person is motivated by the research and programming and the notion of innovation in and of itself, as opposed to the prospect of higher salaries. Also, there is a large boom in the job prospects, especially in the realm of software engineers:

"Employment of computer software engineers is projected to increase by 38 percent over the 2006 to 2016 period, which is much faster than the average for all occupations. This occupation will generate about 324,000 new jobs, over the projections decade, one of the largest employment increases of any occupation..."

taken from: http://www.bls.gov/oco/ocos267.htm