"That guy made his fortune charging a huge mark-up for style over substance, on contract labour done almost exclusively in China. He's a case in point!"
I'll disagree on that point. He, or Apple, couldn't have over-charged if the demand were not there. Everyone who owns an iPhone is complicit in Jobs' wealth. You don't have to own an iPhone, but you do certainly have to make a living. So, while some people are stuck working for journeyman's wages, they could have bought some other phone for a lot less, which would have been commensurate with their wages.
Nevertheless, Jobs, through Apple, and others in Silicon Valley did revitalize what might have been a sad epitaph to the heyday of what Silicon Valley started out as. Apple, Google, etal, are providing the compensation that allows new grads to jumpstart themselves into the top 20%. When you look at the totality of compensation for a worker at, say, Facebook:
> free shuttle to/from work
> free meals during work
> free gym with massages (don't know if they're free or not)
> free junk food
> on-site medical, including OTC medicines
> on-site bicycle repair
> signing bonus
> AND stock options
so to that degree, the incentives bear out the notion that some shortage of some disciplines exist. However, were ALL of the STEM indoctrinated high school students to enter computer science, that job market would collapse in a heat beat.
TTFN
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