So much this. I have been watching the bootcamp mouthbreathers give up in droves and the recovery will be apparent when they've capitulated and latch onto their next host (don't forget, in 2006 they were all learning to flip homes or get a realtor license). I despise these imbecils for visiting their chaos and confusion on our industry.
The entire time (past 10 years minimum) the relative volume of skilled engineers and the demand for them (do not confuse that with open job postings) has been constant. In my opinion of course.