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Yeah, 78 days of tech layoffs due to the public equity market crashing will drive demand for cheap foreign labor, just as in January 2001. How I miss having an
by vaxman 6y ago
Yeah, 78 days of tech layoffs due to the public equity market crashing will drive demand for cheap foreign labor, just as in January 2001. How I miss having an Indian show up offering every imaginable skill set for $7/hr. How ironic that the catalyst for that crash was the gov’t finally acting on “old” Microsoft and 20 years later, they have a technocratic Indian CEO that came of age in all of that.
- vaxman 6y agoClarifying, market crashed in April 2000 and October 2000, then the shock in September 2001 before the freeze that lasted until 2006. (I implied Oct ‘99 or Nov ‘00, but same difference.)