There's a difference between "dead" as in non existent, and "dead" as in no job opportunities for grads. Advancements in software have eaten most of the entry level jobs in analogue and RF given simulation tech allows teams to consolidate in design. Anything cutting edge is regulated to the PHd level. As for power, politics and lack of funding assures power (in the US at anyrate) will remain trapped in the 70s and consequently won't be drawing any talent.