Quote:
Originally Posted by Technocrat
Another reason for rickshaw menace & some other areas of price hike is due to a large influx on people from outside Pune(this includes people from other cities of Maharashtra too & not just out of state guys) who didnt know what was the right price for labor & other commodities.
And this is not just in IT but also people who came for other industries like Auto, Telecom etc etc
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Yep, quite true about migration.....but if you check the profile of Mall visitors, most of them are from IT. This survey was done by the malls themselves. Ofcourse this doesn't mean that a chap sitting in Barista has to be from IT only, but these ITGs gave impression to rest how big sums they were earning & created false impression for many as Ashish said.
However, I remain firm on my stand that it were only ITGs who were unable to digest the money properly vis a vis other proffessions.
Eg. Look what a marwari kirana store boy will do if he gets INR 1k, & compare that with an ITG. You will get the difference.
Man, most ITGs saved after spending while in other proffessions, mostly it is spend after savings. Fact remains that even ITGs never expected that IT will be flat in 5 years from the boom period. This I am saying from my personal experience w.r.t. my classmates who became ITGs.