Engineers who followed Scott's advice and worked on their curriculums instead of their pandering to their boss' egos still wont have trouble getting work. All you need to do is perform acceptably in an interview, and you can always find something... for the time being at least!
Its a shame really. The people at Dilbert's company do just about as much work as government workers, but they have the protection of a mafia run Union to protect their jobs from PHB. Poor Dilbert.