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by wingsonfire 3749 days ago
Exactly same issue with India. India has tons of IT Company and Government invests a lot in education.. obviously pay is more in US but I think it is also environment.

That makes me wonder what has US done right to remain talent magnet

2 comments

"what has US done right to remain talent magnet"

It sells itself better. Given the same conditions, an US offer will sound better because the benefits (the pay) will be highlighted while the drawbacks will be presented in a lesser manner or even hidden from view entirely. This is more so when it's about foreigners for which the discrepancy of what's currently available to them and what can be promised is simply staggering. Here is less about the job offers in themselves as means to cover needs as it is with them as advertised goods that generate tremendous amounts of attraction. That's why so many foreign talented individuals are jumping through hops and work on mediocre conditions (which includes the payment) just to be able to dream about the advertised big rewards. I say "to dream" because it works like a lottery, it's a rat race not for a piece of cheese but for a chance to that piece.

There is a lot to talked about on this subject, but it's suffice to say that at its root the difference comes from what is a fair trade, which differs greatly from USA in comparison to other places.

The issue in India is that our IT Companies are way overhyped. None of them are doing well financially, all of them barely scraping through each quarter given the Industry at-large stance on outsourcing.