I have nothing but respect for Gordon Moore, but personally, I think Moore's law did a huge disservice to the IC industry. True, we have a new node every 18 months. But it drives up the design and manufacuring cost, lowers the design time, and lower the price of the chips being sold. Is this a good thing? Yes, for consumers and CEOs. But to R&D engineers , it's a two-edged sword. Companies (especially intel) has been slavedriving people to protect this law for the last two decades. Outsourcing is a partial solution companies created to stay on the Moore's law path. This is a vicious cycle.
What the sad truth is is that engineers in general and EE's in particular are treated like a commodity. Companies will dump an experienced person for a recent college grad, or a foreign born worker at the drop of a hat. I sadly wouldn't recommend this line of work to anyone. Go into medice, legal, or business.
Thank You for This Article - EE Times showing "The Benefits" of Globalization for American-Born Employees. Although i've only been working in Silicon Valley Type Industries since 1976 - I wonder how many other Industry Personnel would recommend their Children now following in their footsteps in the workplace (similiar to what Mr. Nelson said to his Daughters) TOTALLY Agree !! Give H.R. (& Corporate) what they want (???).
Very interesting number, and a good reference. When I checked on specific position job salary data on salarylist.com I see similar trend, but the pay is more connected to specific job title and experience. Hope the economy will get better soon.