[Alan Anderson]

I'll take a contrarian view and say I don't expect a lack of "CS people" to increase the cost of goods. It doesn't take a Computer Scientist to program a microwave oven or water conditioning system. Most embedded system programmers learn their craft either in EE classes or by practical experience, not in CS classes.

The Computer Scientists these days are needed to develop algorithms and techniques and tools. That way, other people with more knowledge of the problem domain can develop specific applications without needing a CS degree.