A Job Fair For Jobs In India — In California 309
dcblogs writes "Indian and U.S. companies are holding a job fair at the San Jose Convention Center this weekend for jobs in India. The job fair is aimed at Indian workers in the U.S., but anyone with an interest in working overseas can attend. India is pitched as a 'sea of opportunity' in a PowerPoint presentation about the job fair. That's in contrast to another slide that makes the obvious point that the U.S. has 'barely recovered from a downturn,' with 'signs that it's headed for another.'"
Comment removed (Score:5, Interesting)
Re:I Work With Indian Talent (Score:5, Interesting)
Unfortunately my experience has been largely negative. It's clear that some of the so-called universities attended by Indian students are paper mills that don't do a decent job of educating them about programming.
There's also a cultural issue. For some reason, many of those I've worked with can't or won't search for internet howto's and help instructions on their own, though they'll follow those instructions if a senior developer sends them a link.
Obviously I've worked with a lot of good Indian developers as well, but there are clearly some cultural differences that can cause friction and frustration.
Wage War in India (Score:5, Interesting)
You are more right than you know actually. I work for an Indian outsource company. I was outsourced 3+ years ago. I talk to a lot of the guys over there and from over there. These companies now pay their people the same to stay in India as to come to the US. They used to pay them a lot more to come here. But in the last year or more there has been a pretty major wage war as the different India tech companies pilfer talent from each other at an alarming rate. It has led to a lot of turnover.
But then, I've been approached by recruiters here who want to pay me more than I get now. They are just desperate to oversell my skills (fine, unless they oversell to the point the client thinks they're getting a triple CCIE when they're only getting a CCNP/MCSE), and I currently have the best schedule ever being able to work from home anytime I want. If only I didn't have kids I could be making 30% more than I am now.
Re:Recovered? (Score:5, Interesting)
An economy is a complicated thing with lots of moving parts. Dumbing down the vocabulary used to describe those parts to accommodate the ignorant it unlikely to help much. "Recovery" even qualified as "weak recovery" may sound too positive to people when it describes a situation with persistent high unemployment. On the other hand it's certainly more positive than the alternative.
Best two years of my career (Score:3, Interesting)
I lved in India with my family setting up some engineering teams. Best two years of my career... but also the most challenging, simply because you have no idea how hard it is to adjust to living in a foreign culture until you have to do it.
Of course, if you have a crappy boss, it'll completely suck - like anywhere else..
Re:Can you handle the truth? (Score:5, Interesting)
If the US is Marxist/Keyenesian then why hasn't the Gini coefficient gone down? Sweden and Denmark might be called a Marxist/Keynesian fusion, but most of the west is crony capitalist.
Re:Can you handle the truth? (Score:2, Interesting)
I don't know about Denmark, but Sweden is moving away from socialism towards less regulated free market. They have a long way to go of-course, but at least they are on the right track. If they don't do it, they are facing the same problem as the rest of the socialist world. As to them being 'keynesian', I don't know that for a fact. Sweden at least is an oil exporter. Maybe what they really are is a better way to be an energy exporter economy than say the Saudi Arabia or Russia or most of African exporters, where majority of wealth that is acquired from the exports ends up in very few hands.
There have been China job fairs for years (Score:4, Interesting)
Periodic fairs for jobs in China have been held in the SF Bay Area going back to at least early 2009 so this is nothing all that new. The Chinese jobs usually required fluent Mandarin. The Indian jobs might be more approachable for non-Indians since English is the language of the educated class. Not that it matters much to me. I traveled in India for six months and while it is a fascinating place to visit, I don't want to live there.
Re:Can you handle the truth? (Score:1, Interesting)
The US doesn't need capital ... it needs oil.
- this comes from complete misunderstanding of what capital is.
Capital consists of savings that accrue when somebody overproduces/underconsumes and these savings are the result of actual work. I am not talking about worthless currency.
In most primitive terms, if somebody is smelting iron ore, any of the metal that he is not consuming, he is saving. These are real savings, and this is what constitutes capital.
Printing money does not constitute capital, as there is no underconsumption, so nothing is saved from real production.
Savings are only nominally expressed in monetary equivalent, but they represent actual productive output. USA is lacking real savings that results from productive output, this is clear from USA's 53 Billion USD / month trade deficit.
USA is not producing enough to save, thus there is no capital. So no real investment can be made. Without real investment capital there can be no new productive capacity, because tools cannot be bought, machines cannot be bought, labor cannot be paid for, nothing can be done without real savings.
That's why credit is so important to businesses, not to consumers (debt financed consumption), but to producers, who use credit to create productive output that can be used to pay interest and the principle back to the creditor.
But with government eating all of the available credit and setting artificial price on money, the businesses cannot have that credit available either. Only banks have access to the federal discount window, no real business can have that access.
So there is no investment capital, so how is all this new oil going to be extracted? It can be extracted of-course by those, who have real savings and real investment capital - oil firms have it of-course (and their income is huge, but it's that big because of inflation, in real money oil prices are very low.)
As to wages - there are over 20,000,000 people out of work, saying that they must not be allowed to work for lower wages is just suicidal for the economy. You rather see them on welfare?
The creative destruction has to happen, debts have to be restructured and liquidated, credit has to become available to the business, so government must shrink for that to happen. Price on money must go up to the level where markets want to see it, not to remain at the inflationary levels that the government prefers, because it is the largest debtor and counterfeiter.
Definitely Qualifies as The Great Depression Redux (Score:5, Interesting)
First, Take out the REAL inflation numbers, and GDP was negative.
Second, the only reason that this depression isn't having the same "misery index" as the first one is because of the greater safety net, and because we caught a lucky break with the weather. Without unemployment insurance and welfare, and the dust-bowl conditions of the 30s [wikipedia.org], it would already be just as bad as the first one.
The "real" unemployment rate - when you take into account those who are heaping on debt by staying in school because they can't find a job, those who have given up, etc. (the U6 measure), and we're into the same range as the Great Depression. The real rate of unemployment in California, for example, is now 20% [msn.com]. Another 5% and it will be equal to the peak in 1933 ... and it's heading there, as cities and states struggle with their own ongoing debt crisis.
There's almost 50 million people on food stamps. And housing is now already officially worse than the great depression [cnbc.com] (and it's going to get wors)
Half of all homes now have a mortgage that makes them unsellable - if there is equity left, it's not sufficient to cover the additional costs of the sale (real estate commission fees, etc). Strategic default is a problem, but another problem is that, without jobs (or only part-time or low-paying jobs), even people whose mortgages are now "ok" are in trouble.
The fact is that any rise in GDP is not being seen by the workers, and hasn't been for more than a decade. Ask anyone who's had to take a major pay cut, or simply can't find a job because for every opening, there are 100 or 1,000 applicants.
Re:Can you handle the truth? (Score:4, Interesting)
Yep, the classic mo-Ron philosophy. Ron Paul has zero grasp of economics, much less foreign affairs.
- yet he is the only person in gov't who understands enough of it to build up a portfolio, with minimum gains of 300% and maximum gains of 2000% based on his ... 'misunderstanding'?
He pulls the military off the South Korean DMZ, the Navy aircraft carrier groups mothballed, and out of Pacific waters. Great cost savings. Come a few days later, Kim has invaded Seoul.
- first of all, yes that's a real cost saving, because USA has no money.
Secondly, South Korea is plenty capable of protecting itself. In any case it's non of US's business.
China still has a grudge against Japan so their carrier fleet now is menacing that country.
- all that China needs to do in fact for US to stop its militarism is to stop funding it.
Seconly, Japan is plenty capable of protecting itself.
Thirdly, Chinese rather trade with Japan than fight a war.
Lastly, it's none of US's business.
Taiwan becomes red.
- right. Why don't you attack them preemptively? The failed Vietnam war shows just how misguided the approach of proliferating the 'righteousness' of US ideals is, and now USA is trading with Vietnam.
Now the West is in deeper shit because 1/3 of the total manufacturing capacity we have is now controlled by hostile countries or destroyed.
- maybe it's good for the West. It now will have a perfect reason not to pay the debts back and to re-invent its own productive capacity. There you go - instant jobs.
Ron pulls out of the Middle East leaving any allies (Israel, UAE, Saudi Arabia) to their own devices.
- terrorist attacks against USA stop. USA stops funding people that caused 9/11 (with money stolen via inflation and borrowed from China). That's just terrible.
Iran starts striking Tel Aviv with rockets, Israel retaliates with nukes, but gets overwhelmed by every country in the region swarming them.
- Israel has over 300 nukes. USA has nukes as well, if anybody attacks Israel with nukes it will immediately destroy the opponent and I am sure that Ron Paul would go to CONGRESS and ask the AMERICAN PEOPLE if they are willing to DECLARE A WAR.
What a fucking amazing concept, Anonymous Coward, isn't it? Who are you, Dick Cheney? How is bloodsucking going for you, you heartless prick?
Countries friendly to the west or at least not hostile (UAE, Saudi Arabia, Turkey) now have a bloodthirsty mob.
- Way to mix Saudi Arabia and Turkey into one crowd of 'non-hostile' or 'friendly' countries.
Again, 9/11 was FUNDED by Saudis, you fucking shit.
Now, nuclear terrorism is going to be a primary threat to the world as a region-wide caliphate expands to threaten Spain and western Europe.
- no no, you are Bill O'Reilly, aren't you?
Ron pulls funding from hospitals, Social Security, and Medicare.
- unfortunately that's not his platform, so you are a lying (what else is new).
Now hospitals and charity organizations have to take care of the sick, and we are back to poorhouses that are like African AIDS clinics where a drink of water, much less an IV of useful medication is a rare thing.
- More Bill O'Reilly.
Ron sells off government land. Great money maker.
- BETTER than the status quo, where the coal and gas and oil are extracted from these lands without ANY payments of any royalties. That, of-course, and all the moral hazards of the government setting liability caps and limitations while sniffing crack off toaster ovens and fucking with the company's executives.
Now Yellowstone Park is a privately run re