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India : IT industry (& engineering) started mass retrenchment liao!
24-4-2017 12:09 AM
Casanova said:
There are more and more such events.

And you are realising your dream of 12 millions sooner! thumbs up
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23-4-2017 12:12 PM
qiqiha said:
It looks like the much boast about 人口紅利(Demographic dividend)of India has actually turned out to be demographic burden!

You finally hit the jackpot the weakest link of the media hype.
Simple supply and demand equation.

A world in high debt, aging era means slower demand
with IA automation and flood of graduates worldwide
point to oversupply.
I can tell Modi knew the problem, as he talks about Made in India.
But he is competing not against a nation but a big trend.

Many ah Q media still bs around though.
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http://www.livemint.com/Opinion/dBydNGXA...aster.html

A looming demographic disaster

Increasing inequality and growing unemployment are a sure-fire recipe for social strife

In short, the last two decades have proved that while growth is necessary, it is not enough. Unless many more jobs are created for the masses, India’s much-touted demographic dividend is likely to turn into a demographic disaster, with mass migration from villages to city slums, adding to a vast lumpenproletariat with little stake in a stable society. Increasing inequality and growing unemployment is a sure-fire recipe for social strife.
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https://www.equitymaster.com/diary/detai...c-Dividend

India and the Fallacy of the Demographic Dividend

Sharma then talks about the Arab world which despite being poised to, did not benefit from a demographic dividend. As Sharma writes: "The Arab world provides a cautionary tale.

There between 1985 and 2005 the working age population grew by an average annual rate of more than 3 percent, or nearly twice as face as the rest of the world.

But no economic dividend resulted. In the early 2010s many Arab countries suffered from cripplingly high youth unemployment rates; more than 40 percent in Iraq and more than 30 percent in Saudi Arabia, Egypt, and Tunisia, where the violence and chaos of the Arab Spring began."
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http://m.thehindubusinessline.com/opinio...545114.ece

No jobs, no skills: What a sorry state

Only around 10 per cent of India’s workforce is trained which includes 3 per cent formally trained and 7 per cent informally trained. This compares poorly with a more than 50 per cent formally trained workforce in developed countries, including 53 per cent in China. According to the India Skills Report 2016, only 37 per cent of the Employability Skill Test takers (below 30 years) were found employable.
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http://m.economictimes.com/jobs/why-bein...327346.cms

Why being a techie in India is no longer cool
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24-4-2017 9:27 AM
qiqiha said:
http://m.thehindubusinessline.com/opinio...545114.ece

No jobs, no skills: What a sorry state

Only around 10 per cent of India’s workforce is trained which includes 3 per cent formally trained and 7 per cent informally trained. This compares poorly with a more than 50 per cent formally trained workforce in developed countries, including 53 per cent in China. According to the India Skills Report 2016, only 37 per cent of the Employability Skill Test takers (below 30 years) were found employable.

India Prime Minister only take shirt cuts by exporting humans OUT of their country to solve job issues.

And Singapore Minister also take short cut by accepting them here to solve their Instant Growth Econkmic instead of planning.

These 2 are BEST Friend?
FWs are NOT FTs. Time for [email protected] to reduce 5% FTs that is overdue for 12 years.
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23-4-2017 5:20 PM
SuperiorMover said:
Sg will be flooded with jobless Indians from India as we have unlimited admission of Indians for our job market.
AngryAngryAngryAngryAngryAngryAngryAngryAngryAngry
My licking skill is the best
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24-4-2017 8:49 AM
qiqiha said:
https://www.equitymaster.com/diary/detai...c-Dividend

India and the Fallacy of the Demographic Dividend

Sharma then talks about the Arab world which despite being poised to, did not benefit from a demographic dividend. As Sharma writes: "The Arab world provides a cautionary tale.

There between 1985 and 2005 the working age population grew by an average annual rate of more than 3 percent, or nearly twice as face as the rest of the world.

But no economic dividend resulted. In the early 2010s many Arab countries suffered from cripplingly high youth unemployment rates; more than 40 percent in Iraq and more than 30 percent in Saudi Arabia, Egypt, and Tunisia, where the violence and chaos of the Arab Spring began."

Those with experience can force pressure in the demand supply market. The fresh grads will be the group affected.
VERY educated, expensive elites in 3024 Team-size BUT . . .
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23-4-2017 7:41 PM
Oops said:
About half jobless population in India. Modi is too focus on the IT schools, IT jobs, IT career. . .

So not enough people to set up hawker centers or hospitals?

Haha.

India is indeed such a sorry state. My friend's manufacturing company retrenched them and sent them back to their own homeland.

After 6 months as IT and Factory Engineers, mostly still jobless.
VERY educated, expensive elites in 3024 Team-size BUT . . .
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