We have seen a decrease in companies that work on physical engineering goods, but plenty still remain.
The difference is, engineering physical goods has been increasingly automated and skilled for decades now (robotic manufacturing, additive manufacturing, CAD tooling, etc has been a thing for decades now), so you will need at least an associates but often a bachelors degrees in a STEM field to climb the ladder in Automtotive, Aerospace, Electronics, Pharma, Chemicals, and Defense manufacturing.
Even the "MBAs" they hire in LDPs are required to have technical undergrad degrees before joining an MBA.
I don't like the fact that stores like Fry's don't exist anymore, but electronics is a much more niche hobby now than it was 30/40/50 years ago and is much less hobbyist friendly - building something with an 8088 might be fun, but not as much anymore when you can purchase a STM32 for a fraction of what they 8088 was 30 years ago. Coding has becoming a very prevalent hobby now, and access to hobbyist boards like Arduinos and Raspberry Pis has become much more democratized.
