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Can we sustain the present economical boom?

Can we sustain the present economical boom?
Outsourcing of software services started to increase after 2001, that is, after the 2 year period of recession in US.
Before recession software industry was growing at rapid pace which made most of people within the industry to take things for granted. they Assumed that there jobs were like Indian Govt job which would last for ever.
But suddenly things started to change and people started to lose jobs, there skills were of no use. Companies started to pinpoint small things such as dress codes, work timings, appraisals, feedbacks etc.
Some companies adopted different approach like they sent people of long leaves, unpaid leaves, salary cuts etc.
Some companies took totally different approach in a way an intelligent ideas. They had a secret tie up with a dummy company which made calls to present company employees and gave them a really good offer. Once the employee was out of the present company the dummy company would come up with some reason that they cannot hire them because there is no project, or you failed in client interview etc.
And most of the small companies closed there shops.

After all this, software has come a long way it has improved a lot in economical growth is at all time high. But software companies and employees have'nt learnt any lessons from there previous experience.

What kind of work are we really doing?

Is it adding any value to individuals?
Why software companies not entering into Product development?

Why there is no emphasis on local market?

Why should India always depend on those dollars? and
Finally coming to my Topic Can we really sustain the present economical boom?
As far I know present conditions in the market is no good compared to recession time.
Bright Software engineers are doing literally junk work, loads of documentation which I can compare to the Home work done by the 5th grade Kid of any school.
Street Smartness, self boasting, long stay in office (even if you chat entire day) are considered as awesome job.
Most of projects executed are maintenance nowadays. People just do data fix get all awards because he did it in odd working hours.

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Unknown said…
I just happened 2 read u r blog. What ever u have said is 100% true. I have been working at client site for last 3 yrs and these r exactly the same thoughts which have come across my mind.
January 5, 2007 at 3:10:00 AM GMT+5:30
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