With fat salaries, the IT personnel splurging money on everything raising their costs. In cities, Flat rates have increased and rates of daily essentials have increased. The big supermarkets have sprouted up everywhere raising the prices of commodities beyond reach of normal person. Now a days commonman cannot live with meagre monthly incomes.
2007-03-25 21:24:27 · 10 answers · asked by katkam v 3 in Social Science ➔ Economics
Yes ofcourse, but it is not an healthy sign, that too in city ,the places are very proximity to IT bugs, the land cost have increased, the price is increased , everywhere artificial market price is prevailing.I hope this salary is also an artificial one .I still wonder what this wonder kids(Software people) are doing in software and what developments they are making , and in what way it is used by the people.It will be continued for a long period of time or short. I am very much afraid whether my brethren will survive if any debucle happens.
2007-03-27 05:47:45 · answer #1 · answered by panneerselvam s 5 · 0⤊ 0⤋
No, I do not agree. Since the IT boom many more persons who were poor have become rich: only a handful have become very rich. With high salaries in IT sector even at faily low and entrant levels, not only have many who would not have otherwise remained unemployed have started earning decent incomes, the salaries in other industries have also risen making many non-IT emploees richer. First find the gap between the standard of living enjoyed by the MPs and MLAs at govt. cost ( include all perks and facilities) and compare with the per capita income in India you will know how many poor people have become richer.
2007-03-26 11:25:24 · answer #2 · answered by sensekonomikx 7 · 0⤊ 1⤋
This boom certainly has eradicated the curse of educated unemployed. But there is a flip side to this too. Now you don't get people to work for smaller companies. Though they are also offering same or close to same kind of pay packages. I am speaking from my experience. My company is looking for marketing guys with hardly any success. Where have the guys vanished! Besides this every one wants to get into software and you hardly get people for hardware jobs. So be it - long live IT boom!!!!!
2007-03-26 15:28:35 · answer #3 · answered by arif anwar 3 · 0⤊ 1⤋
Yes supermarkets have been raising the price of good beer we need to make a stand. Poor people can no longer afford to be alcoholics.
2007-03-26 06:51:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Since the IT Boom? I thought it was since the Bush Administration took over the White House in 2000.
2007-03-26 04:30:08 · answer #5 · answered by BOOM 7 · 0⤊ 1⤋
Yes, agreed. If you miss the IT boat, this means you are not progress with the flow and left behind...
2007-03-26 04:29:04 · answer #6 · answered by cakoay66 2 · 0⤊ 1⤋
Yes, but I would not blame it on the IT Boom.
2007-03-26 10:42:21 · answer #7 · answered by Dr Dee 7 · 0⤊ 1⤋
yes, absolutely
2007-03-28 05:02:06 · answer #8 · answered by sushobhan 6 · 0⤊ 0⤋
in the eighties, it was hard earned money. now it is the hardely earned money.
2007-03-27 13:22:34 · answer #9 · answered by sarjan 3 · 0⤊ 0⤋
yes it has very much increased.
2007-03-26 04:42:20 · answer #10 · answered by aruntech 1 · 0⤊ 1⤋