matrimc wrote:I put it to you that IT people being members of a rising middle class instinctively duskike unions as ur goes against the grain of their libertarian/capitalist philosophy. Unions are same as socialism/communism.
I tend to agree with you. IT during the boom period (1990s to say even upto 2005 or so) provided a few people large amounts of money. IT companies also encouraged their employees to think as "individuals", and that "individual merit and competency" was what mattered. It is in IT companies which I saw offer letters and some times salary hike letters having statements like, this information is confidential and it should not be shared/discussed
. Where as in other industires pay scales were pretty much well known. IT employees also find it all okay, because after all they get paid pretty much okay and it was "individual contribution" which mattered the most. The high focus on individualism may also be a reason why IT company employees generally are not very united. But now things are changing and it is large groups of people who are getting effected, so that may be a reason when IT employees are now think of unions etc.
Now if there is a hankering for Union formation, then they think that they are not going to rise above their middle class status and even think that they would sink to lower economic status.
Has IT run its course of growth. What we are seeing is the start of flattening out. Possible?
My gut feeling is that IT would soon be like another job, say in banks or other commercial establishments. Openings would be there, people would get recruited but they would never become "super rich" by working in IT establishments. Earlier there were "onsite oppurtunity" aplenty, but that again is changing. Many companies have reduced their Onsite salaries etc., so people with family some times even prefer to work out of India. I feel a flattening out would be coming in sooner than later. Various other non-IT sectors have started getting better wages/salaries, and they are much more organised in putting up their demands. In a city like Bengaluru (where pretty much every thing is over priced), an IT employee is just the middle class.
Singha wrote:iT sector already has unions. They gather of facebook pages and change.org petitions and that's all they will do.
In that way IT folks are like AAP-tards. If Mao said - "Revolution through Gun barrels"
, for IT folks it is mainly revolution through Facebook or Change.org.
KJo wrote:Do IT people in India mostly live paycheck to paycheck like many goras here in the US do?
If I lose my job, I don't have to worry about mortgage payment because I have saved a decent amount for a rainy day.
Yes very much sir!
. Off course there would be IT folks who have saved money and can rework on their loans etc. But there are lots of others who have not saved any money (which I feel is their own fault), or have taken up too many loans which they may find to repay.
Bade wrote:I am using the rental model. You cannot own a home anymore in inner city areas.
An economist in Bengaluru had once come up with a theory, where in certain places it is better to stay on rent rather than buying a villa/apartment. I got this through other friends (on e-mails etc.), so I don't have very accurate information. But this economist had come up with a kind of scenarios in which renting a home (even if it is for 15-20 years) is much more economical than buying a home in that place.