The true rate of unemployment in high tech is significantly higher than what is officially published and yet US companies continue to outsource jobs to Europe, Canada and other countries because the wages are lower overseas. At the same time companies like Cisco have been over-hiring for years resulting in duplication of efforts and cut-throat culture.
Many industry insiders and economists agree that the current operational model in high tech is hitting a wall. The combination of intense burn-out, hyper-fragmented workflows, and layers of middle management has created environments that are both culturally exhausting for workers and financially inefficient for businesses.
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@mt DEVELOPER
@s6 i am giving you 1 stock from elon.. your kid will be rich !! but i want him to be an illiterate .. while that guru in Bangalore dispense fake 4 year degrees .. i employ ..
Burp.
UK recently banned professors and students from a specific country involved in stealing IP and stealing research from universities.
Google and read it ! Open your eyes!
CEOS, upper management and politicians are getting by outsourcing to other countries. They don’t give a f about the common man here. Greed !!
@mt no.. he is a retired Cisco Israel operative scamming you everyday.. cr a p !!
@k5 He’s probably a principal engineer at Cisco.
@d4 Spare me that Co-mie cr-p. Countries with socialized medicine also share overtaxed workers and cr-p economies.
@mp you num nuts.. you blind ? india is stealing it all.. your bank of ameria, citi, capitol, Wellsfargo, moragn stanley, etrade all the banking back offices is in india those b.stered see all your finances.. please grow up ... they are using AI to scam you..
Other countries are copying and stealing IP from US companies. If you outsource, they have easy access to hack and steal your IP.
USA has realized that after 2-3 decades of outsourcing to an Asian country, they are actually supporting our ene.mies and helping them to ki-l our citizens. BRICS countries want US dollar to become weak.
World trade laws are being openly abused by dumping goods in another country and unfair trade practices by many countries. All countries have tariffs to protect their own companies and working class.
@gj how do you come up with such long useless response ?? you must be a scientist that only creates patents not real products..
...continue to outsource jobs to Europe, Canada and other countries because the wages are lower overseas.
Higher wages don't help when you're going bankrupt from medical expenses while working a full time job, and it's even worse when the highest level medical professional you can generally see is a nurse practitioner.
You might also want to look at the more than $116,000,000,000,000 in mostly private sector debt held in the US which for paid part of those wages. Divide that debt by the nearly 270 million adult citizens in the US and they owe on average almost $430,000 each.
At the same time companies like Cisco have been over-hiring for years resulting in duplication of efforts and cut-throat culture.
Cisco made a stinking mess of IOS with a branch count in the hundreds of thousands, then it's replacement IOS-XR, then another random attempt with NX-OS and then two different highly broken derivatives of IOS called IOS-XE which were eventually merged. Along the way it acquired hundreds of companies at a cost of hundreds of billions of dollars because it could not do development, clearly demonstrated by the fact that it spent more than 90% of various projects' development budgets on bug fixing.
The duplication was a function of Cisco having no basic software skills which lead to needing more bodies for maintenance, not the other way around.
Many industry insiders and economists agree that the current operational model in high tech is hitting a wall.
At this point the top 10 tech companies are corporate oligarchs built on legacy code that goes back decades and have the power to either buy or starve out anything that could potentially become a competitor.
Google AI suggests the world produced between 2.8 and 100 trillion lines of code. It claims the defect rate for released production code could be as high as 15 bugs per 1000 lines which using the worst case numbers means there could be over a trillion bugs in existing code. That's your wall.
Legitimately work should be treated with respect. If there is fraud then that is not acceptable
It's not just the salaries, it is also the companies cost of healthcare for their employees. Offshoring to countries with socialized health care systems saves them even more in OPEX.
Very true
H1b bring tax, and is a legal immigration for many meritorious candidates who are vetted to not displace American jobs. Unfortunately there is a section of consultants that abused it. Even merit based h1b suffered with Americans. Real reason for job drain is hardware move to China and software move to India. Inconvenient truth.
This happened in semiconductor manufacturing in USA. All the jobs and plants were closed in 80s, 90s and 2000s. Jobs were outsourced!!
Taiwan and South Korea cannot manufacture at a scale required for the current market. USA need not rely and beg other countries for desired quantity or huge quantity for AI, EV vehicles and electronics components.
Tesla, micron and few other companies are building huge manufacturing plants in usa. Jensen Huang and many other CEOs have realized not to depend on other countries and build as much as possible here in USA.
Bring back jobs and help everyone in this country !!
American salary is too high as he-l
Yes, that is why there are so many layoffs in the US and extremely difficult to find a high tech job unless you have strong connections.
Just reading through this and OP sound like a little B…