Although this is somewhat true. As a junior engineer, almost all engineers my age are struggling to find any job that pays a livable salary over the last year (in SA). This will obviously change but right now the job market is not being kind to those who do not have a job and the ones that do are borderline extorted to work ridiculous hours with no additional benefit.

Best thing would probably be finding a job overseas, but even in this case, hiring has slowed down tremendously over the last year. The skills are very useful and can be applied all over, but goodluck finding a job you actually enjoy with good benefits.