PURE ABSOLUTE BULLSHIT.
Thirty years ago I had four years experience as a drafter/designer and had just got a BSME. I got topped in at $18K per year and that was doing pretty good.
22 years ago, I was just graduating High School with 2 years experience already as a professional draftsman, and went to work immediately for a Gub'mint contractor on the Bangor Sub Base - with a security clearance - for the whopping sum of $6.50 an hour.
Took me 8 years to get a 4 year BSME, but by the time I had the paper in hand, I was already doing the work.
My whole professional career, I've never been more than 3 weeks out of work. Mostly because the employers/clients I've had like to know they're getting someone who actually DOES THE WORK for them, rather than sittin' at the desk, slurpin' company coffee and surfin' the DUmp all day.
Betcha I fare better in the coming Depression than 99% of the DUmmies...