There is always an opinion that IT and ITeS people earn more than required/average in their jobs and they make lot of money. This has been the situation compared to other jobs from the time IT came into popularity.
All non-computer science graduates, bank employees, B.Com graduates, B. Sc graduates, mechanical engineers, only school educated people - everyone, irrespective of their education, they all moved to IT and ITeS(Software) companies for jobs.
As it is generally considered, in an economy all the sectors has to grow. But, that was not the case in our economy. Software and BPO sectors were growing too fast, but other industries did not see that much growth.
Considering the current situation of the IT economy -
1) Global Economy slowdown
2) IT Services Major Satyam in deep trouble
3) Job loss and Unemployment increasing
These things happen in services industry. Non-IT people, who have not come into IT in their lifetime, would sadistically like this situation because this is not a great situation for IT, while IT folks has been showing off a lot during their good times.
People think about only IT and related and not other industries at all, in terms of education or even jobs or investment.
For example, if a parent wants to enroll his son/daughter into the college, they choose only IT or IT related courses. This is not good for the economy. The choice has to be varied and not just concentrated on one field. That is not good for the economy.
There is a similar situation in Sports in India. Everyone like Cricket and media covers only Cricket news. There are n number of sports in the world, but we don't care about it and it is not healthy at all. This is not good either.
Whenever is a problem realized, there is always solution following it. So, hopefully this wave of IT slowdown will bring some solution, I believe.
Thank you for listening.
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