"I have a lot of positions, but a lot of times I may not be able to fill them because I don't have U.S. citizens," said Lisa Kollar, executive director of career services at Embry-Riddle Aeronautical University, one of the top U.S. schools for aerospace recruitment.
Anyone out of work right now has heard that piece of crap already. Even with 10% unemployment companies are still complaining they can't find qualified talent to hire. It generally means they don't want to hire and would prefer working people to the bone. But for engineers I'll make an exception and say the other competing factor is employers want US Citizens working for H1B visa prices. You can't have your cake and eat it too, employers.
More importantly the Employee Benefit Research Institute (EBRI) put out this report about actual readiness for retirees. Even out of the richest quartile of Americans, and talking only about early baby boomers who are currently the most prepared to retire, 20% are still "at risk" for not having "adequate" retirement income. More average income people are in the 35%-50% at risk range. After 20 years of retirement it's estimated 30%-45% of middle income earners will run out of money. Boomers would need to save an additional 25% of their retirement portfolio to have a mere 50% chance of having adequate funds to retire on.
Unfortunately, given their proximity to retirement age, the median Early Boomer percentage for the lowest-income quartile exceeds 25 percent of compensation. This suggests that at least one-half of the households in this age/income cohort will need to find alternative solutions to the problem of securing retirement income adequacy.
What kind of solutions? Probably working longer. And averting the 2012 apocalypse.