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I also agree with you. However, there are large downstream effects of tech jobs. 1. Lots of people in rural places migrate to urban and semi urban places and m
by kumarvvr 6y ago
I also agree with you. However, there are large downstream effects of tech jobs.
1. Lots of people in rural places migrate to urban and semi urban places and make a living off of providing some sort of service to people in tech jobs.
2. A large section of young population in rural areas come to cities and start businesses, very small scale, such as eateries, curry points, trades, cab drivers, etc.
3. A good chunk of people go into the maintenance and services sector, such as building maintenance, sweepers, contractor jobs, etc.
4. A good chunk are employed in the large and ever expanding construction works in almost every nook and corner of India.
So each IT tech job, indirectly employs a bunch of other jobs, most of which are done by younger people.
So tech jobs do put a huge dent on the availability of labor services.
As an example, I am an engineer in a highly respected company, earning on par with an IT guy. But in the last decade, labor cost (daily wages for unskilled labor, usually in the construction business) has gone up to be about 1/4th of what I earn in one day. And that is a significant increase. It used to be about 1/10 of what I earned.