Difficulties finding a job in CS?

The last few days in class, we have discussed the difficulties in finding jobs in computer science nowadays, and how IT personnel are low in demand. Many people found that after investing both time and money into an education in computer science, they were left working low paying, entry level jobs because the quota for more profitable positions were already filled. This may be caused by many factors such as: The recession, the outsourcing of IT positions, and possibly a burst of the IT bubble. Whatever the reasons, this job shortage is affecting everybody studying computer science. However, as a computer science student, so far I have not have any trouble finding any relevant and well paying jobs. Even though I am merely a student, I have been offered IT jobs, entry level programming jobs, and even research opportunities. Based on this, I personally do not feel the effects of the low amount of IT jobs being offered. I realize that the jobs which I have considered were all student jobs or entry level jobs, and that these are not the jobs which are being sought after by most graduates. And also, the selection process of candidates of these jobs are often based on academics, and this may be a problem for some.

However, perhaps the problem is that the upper level jobs are actually being taken by those working the entry-level jobs, by promotion. So perhaps the way that people can get these jobs is by applying for the entry-level jobs as students, and continue to work towards higher positions in the job.