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A guy with my contracting firm just returned from India and tells some funny things.... They do not have the people to fill the jobs that companies are moving to India. He lives one of the high tech cities where IBM and Oracle are building big building. Just they do not have the people to fill them.
He talked about walk in interviews with companies. Basically if you can spell C you have a job.
He has no plans to go back to India, he likes the money he is making in the US. I would bet dollars to donuts that very few Indians want to move back unless they are forced to.
The other problem, IMHO, will be what happened in the 80s and 90s in the US, only IMHO worse. Job jumping. If they are paying the "low cost" programmer $10,000 per year at company A, and new company B opens up, they will be offering $12-13000 per year. And so starts the cycle. In the mean time the US company just sees labor costs going up and quality going down... heheehehehehehe
Another point was the "company bus" to work. With all the new high tech companies moving to "open" areas, they have to bus their employees from the city to the office.
Sure a new "Indian made" very small car only costs $5,000, and sure like he said, he could drink beer all night for $10. If you take a $12,000 per year Indian job, that $5,000 car is almost 1/2 a years pay. And they are not equal to a $30,000 car in the US, assuming you are making $60,000 per year here.
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