All of the jobs are officially gone. What now?

u/sheriffderek wrote (the comment Michael replied to):

I read somewhere that there are around 80,000 CS students graduating each year in the U.S. *alone*. So, if the market opens up for, say, 100 more jobs (fingers crossed) by the time I finish a 4-year stint at Carnegie Mellon, I'll be competing with about 320,000 other fresh grads.