Re: Depends on the country
From a not-entirely-dissimilar perspective, I've seen UK industry has no use for techies older than a twentysomething grad. If you don't want to don a Suit and/or relegate your IT work to a hobby, look elsewhere. Either abroad (US being the obvious #1 market), or self-employed/contractor if you've got the salesmanship and negotiating skills to make that work for you.
I telecommute across the atlantic. Pay is still modest, but I get to live somewhere I can afford on it.