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This was India about a couple of decades back at the beginning of economic liberalization. Give it time. Sucks for those in the present but changes rapidly

• baybal2 9y ago
  >Give it time. Now think, where are all those public sector workers? Probably regretting big their decisions at the start of their careers. Right now, people who go into industry right out of the school have huge opportunity. Low competition, low barriers for entry. By the time the private sector economy will pass the inflection point, and be making good money, people who choose work in private enterprises will be years ahead of the competition. Check on how Russian IT industry rose up. Back in mid-noughties, a typical IT worker/software dev was either a high-schooler, self-taught person, or "studied botanics, but ended up in IT" type graduate. Barriers for entry were pretty much non-existent, there were nobody to push back at hiring such people with their "authoritative opinion." When the economy finally went belly up in 2014, people with ~50k incomes in hard currency suddenly became big men and among them were many people from IT. Many of such people started their own shops. Now, Russian companies have luxury to hire people with PhD level education for intern level position, because the crowd that was going into banking/lawyer/MBA/statesmanship finally turned to IT.