You mean somebody who knows how to develop in Java, PHP, Python, Perl, C, C++, Javascript, Ruby, LISP - all languages developed more than 10 years ago - is "wholly unemployable right now"? Doesn't seem to match my experience even a little bit. Programming practices also hasn't changed that much. In fact, there are still jobs for COBOL and Fortran programmers - not that many, but there aren't that many COBOL and Fortran programmers either nowdays.