Well, it has happened – finally we are realizing that computers don’t fetch big bucks 365 days – no; not that we haven’t been through such weird positions before but yes, it’s unquestionably much worse now. So what I will do is try to figure out what went wrong & how it went ahead off beam. No – I will not talk about ‘Why’ the recession took place – that’s a much fragile thing to look into, what I will talk about is that ‘Why’ are we feeling the recession to this extent, what is it that we laid down in the past & what is it that is laid down in the near future and most importantly, what we ‘can’ do to sustain our living in this slump.
1990s:
The world took a shocking yet welcome turn as the IT dashed in on the stage. The big lords of the global market invested buckets & buckets in this multi-dimensional industry, the outcome reaching higher & higher levels ad infinitum. People were overwhelmed by the endless opportunities they were showered with & hence was lessened the fidelity towards many other (opportunistic) streams. 5-6 figure salaries, high-society lifestyles, state-of-the-art workstations camouflaged the hazards (guess why heart diseases, anxiety, diabetes came up into the top 5). Multinational companies connected the world to such an extent that the employees rarely visited their ‘motherland’.
Moral: The balloon was getting filled up, filled up and filled up.
2000s:
The IT was climbing higher & higher ebbs of ambitions . Now it had a band of brethren (ITES, BPO, KPO, TPO, etc) to assist itself. More & more were opting for the ‘only rewarding’ career(s), while many other chose ‘customer-care’. The so-called ‘third world’ was building up billions for the client countries. There were no careers left which did not include computers. And then one fine day, it all collapsed down – and there was no one to hold it up. Had people given (atleast) some prominence to other opportunities, the other streams could have helped ozonize the recessive radiations. Most importantly, it was the lifestyle of the IT-ians that had cost more damage. The 6 figured salary owners didn’t realize that there were more potential choices for investment than to burning it up for glamour, style and status-symbols. No – not that they burst it all up, but then there could have been better ‘sites’. Moreover, their willingness to ‘spend’ rised up the cost of living and property, and there was no way the common man could sustain it all over.
Moral: The balloon was still getting filled up and no one realized that somewhere, it has ‘limits’; guess the people just forgot the laws of physics and simple logic.
2010s:
The world has finally realized that there’s more to career beyond IT. Yes IT still dominates, but it has well-established shoulders to rely on. Versatility is of prime importance for employees, irrespective of the type of job, and not just technical ‘know-how’. Different careers have been worked out on, and many ‘unread’ streams have finally received esteem. Technology is more sophisticated and the lords are chipping in their big bucks more wisely and there are well-planned strategies implemented before and during building up of newer ventures. We have started to think ‘out-of-the-box’ for good. Yes, we still received the aftershocks of the Great Recession in the early part of the decade, but it was something we could cope with, now that we had learnt a lesson.
Moral: The balloon burst up, as was predicted, but atleast the sound of it woke up the asleep, better late than never.
2020s:
From dawn to dusk, we are surrounded (from outside & inside) with technology, which is connecting everything together, right from the teapot to the military systems, via a common internet platform, which serves as the new heartbeat of the new millennium. People have become more though-oriented and tend to be conservative about the resources (which are on the verge of depletion), while newer alternatives are being introduced. No more walking to school or office, advanced (& mature) globalization has stepped in.
Moral: Guess the people are still filling up another balloon, but this time, they appear to be more ‘cautious’.