<p>One actual source of concern that ought to be considered is a loss of major projects due to work stoppage in uncertain economic times.</p>
<p>Unfortunately, the phones of every structural engineering firm in the nation are ringing off their hooks because clients are calling to put projects "on hold." When people panic and the market gets skittish, developers throw on the brakes and stop investing money in new construction, sometimes to the extreme-- one massive project, for example, had already planted six floors' worth of a major resort hotel when the call came to the contractor to stop everything, put your tools away, and go home until we call you.</p>
<p>From an engineering standpoint, this means that they'll pay you for the work you've already done, but they're not going to continue to pay you for anything more that you do. If you're still in the design phase, the future building evaporates into a pile of paper and man-years of work that may or may not ever come to fruition. In the construction phase, you may have several people doing construction administration who now no longer have anything to work on (though it's rare, almost unheard-of, to have established construction projects evaporate like the one I mentioned earlier). You can go from having a very healthy backlog to having absolutely nothing to do and no money to pay people with if you're not a well-managed, diversified company who anticipates this sort of thing.</p>
<p>Even so, the best-managed companies have heartache during markets where everyone's too afraid to do anything but worry. My company, a major player in the marketplace, just laid off a bunch of people on Tuesday. Granted, it was only 6% of our workforce, so it's hardly "massive layoffs," but it still stings. Structural firms invest a TON of money per employee per year in training costs, so layoffs are rare and hiring is done judiciously. My company spends an exorbitant amount on its employees per year--something like three times my salary, on average. So, I see a third of that money, but TWO thirds go towards my extraordinarily good benefits and my training and my education and the like. It's rather astounding, how huge an investment structural personnel are for the firms that employ them.</p>
<p>This economic downturn isn't a reason to steer clear of structural engineering, by any means, though. As a practicing engineer, it's mainly just incentive to stay ahead of the curve, continue to hone your skills, stay involved with company or professional society technical committees, and work hard.</p>
<p>It is fairly alarming to see projects evaporate like this, though. Ken, are you seeing any of this sort of thing on the construction engineering side, or is this pretty much a design phenomenon?</p>