Hmm... we should be more competitive and get out of our comfort zone... we must be ready to face global competition for our jobs! Keep on upgrading yourself.... I been retrencted 2 times in my career and found a job in 2 weeks with higher salary... Look at it at more positive way rather then all doom and gloom...

I'm think of actually doing a Phd after completing my masters... keep upgrading yourself and never give up!