3 ms·
I think you're right. It's like the concept of "anchoring", setting a new normal.
by waterlesscloud 16y ago
I think you're right. It's like the concept of "anchoring", setting a new normal.
- sushrutbidwai 16y agoI dont have first hand experience of US placements. But this is what happened in India when IT services started booming. If you go to a top college, they dont interview much. You get a very fat paycheck. If you go to tier II college you are interviewed a bit more and given a bit thinner paycheck. Over a period of time this became a positive feedback cycle and is the core reason for very low quality yet expensive workforce. What I feel in my gut is - such blanket investments normally take up valuations to such levels over a period of time that it becomes unsustainable. Whether it is with job markets or investments or real estate.