No, bombs and the defence industry was not was I was on about. I see your point. Yes there's been some downturn recently, but the tech industry has always been cyclical. It's difficult to get hired today, and there's certainly favoritism towards senior employees.
My point was simply about economics; supply and demand. In my university, about half of all degrees issued are in the arts. If employers want someone with that kind of training, then they have all of the selection in the world. Compare this to a tech company. If a tech company wants to expand their business and they need to implement a technology to do that, depending on what technology it is, there might be like, 1k.. maybe 100k, maybe 1M people on the planet that have that specialty? Employers are going to pay a lot more for a person with that kind of training.
LOL. It does not stand for Marxist-Leninist. That's some grade A trolling if I saw it.