In 1998 I got my bachelor's degree in physics. I was intending to teach high school, but after a year teaching (or baby-sitting) I discovered that was not for me. I found a job as an engineer at a thin films company where I got a chance to work on interesting projects, apply some of what I had learned in school, and learn some more. After about two years and a half I went to work for a company doing work on fiber-optical components. I lasted there about six months as the telecommunications industry was doing badly. This was some time after 911 and the corporate scandals. Then the war in Iraq started. I was thinking that sooner or later, the job situation was going to improve. Now that seems unlikely, at least in engineering fields. I see some positions that open, but they tipically require 5-8 years experience in very specific areas. I have though that the main reason for this weakness in engineering and computer programming fields is outsourcing to India and China. As I like physics, I have been planning to go back to school and get my master's in physics. But I am somewhat undecided, as I don't know if this will improve at all my chances of getting a decent job. I could instead get a master's in Electrical Engineering, which would entail some extra-effort as I don't have some of the undergraduate courses needed. But, again, what would I do with that degree, no experience and being over 40 y/o?. I have some experience programming, but with increasing programming jobs going to India, those positions open typically require many years experience. Some times I thought I could go for a Phd in physics, and then work in research or teach at a university. But I have read articles about a pyramid structure where there are many people seeking very few positions. Like two months ago, I applied for a position that appeared suited to my experience and it looked like interesting work. The problem: there were about 80 applicants. I think I made it to the last 5 or so, but finally didn't get the job. Four years ago, my future appeared much brighter. Now the world has changed, and my getting older is not going to help either. Very depressing situation. I wanted to share these thoughts with you guys, and see if any of you has experiences, opinions or hints about the prospects for work for those of us who have decided to study physics.