Pretty bad in the Silicon Valley. I'm told (though unconfirmed) that because so much of the valley is made up of internationals on work visas, a lot of victims of layoffs are willing to work for free to keep their visa valid. I know a lot of people top MBA schools (Stanford GSB, Berkeley's Haas) that are getting low ball, low level jobs when and these guys (well girls, I guess) are usually the cream of the crop in the world. I know new grads are having a tough time in the valley as well.
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"With a coach and a player, sometimes there's just so much respect there that it's boils over"
-Taylor Hall
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