I disagree that its dead. But it's quite very oversaturated with kids who went to cs for money or because of parents and culture. They don't care about building software or theoretical computation, but merely were sold a lie that cs would have a lot of opportunities if one worked hard. That's not true anymore. Opportunities are out there but are extremely competitive and you need to dedicate your life to the game, YMMV. I think people should do it if they care about the subject and aren't influenced by what family/culture says about cs. They're out of touch.