I'll join you in the prayer too. But be very aware of the fact that once the investors and companies are off, even the bright ones around will have a tough time. IT(sic) would take a lot of time to stabilize in India.
My friend, it's not that easy. The guys who have already made it big (those in top management) have a great deal of financial security built up for themselves. The unfortunate ones would be the 'supposedly' good folks who have only been slogging while making those fat fellows richer. Now, again, much of the wealth and means of production is with the erstwhile PHBs. And now, they would have even better control on things as they won't have an organization to report to but can call shots by starting their own companies. And the 'good folks' will have nowhere to go but those firms, casue the other bigger/better ones are all gone by now. In such a situation, who do you think would still get jacked?
>>The guys who have already made it big (those in top management) have a great deal of financial security built up for themselves.
Not really, I agree for people at VP levels etc. But you could count these people in numbers of 10's.
Most people are neck deep in debt and lifestyle expenses. These are middle management layers. And I have no sympathy for them.
The most unfortunate ones will be guys who are not productive, who don't read or learn often and just don't have the appetite or the curiosity to work on difficult projects and build something of value. These are basically people who pick up programming because some one told them there is good money in it. And now the only way they can make it to the top is either by job hopping or doing all kinds of politics.
Either way with the growing start up community in Bangalore and what I have seen when it comes to meritocracy, its already becoming a trend that good people leave to either start up on their own, or help others.
The only thing that bothers me is bad people unfairly beating good people because the situation was easy.