Let's not confuse engineering with programming. Most programmers aren't engineers (don't have engineering degrees, aren't comfortable with physics / calculus, etc.) Real engineers generally don't have these employment issues as they age.
Programmers are 'engineers' in the same way that those with an MCSE are 'engineers' -- they operate a computer and employ a unique and useful skill-set.
Programmers are 'engineers' in the same way that those with an MCSE are 'engineers' -- they operate a computer and employ a unique and useful skill-set.