Three Cheers for Indian Engineers!
Back in the boom, there were so many ideas. Some were great, some were crap. But for every idea that got seed funding, there were a dozen or possibly a hundred more, that might have been good ideas, that went nowhere. And it wasn’t for lack of money or ambition – there wasn’t enough talent to go around. Salaries and rent and the traffic on 101 skyrocketed, and then it turned out that actually, there just wasn’t enough money to be made off these six-figure salaries in the short-term, and the whole thing skiddered.
I’m a little worried that India may bring down the salaries of technology professionals like me. It may cause short-term unemployment in the United States, but it has so far brought a lot of highly competitive, highly-talented people to the industry. They can work for even lower costs from India, and if their government sees any “IT Dividend” the taxes these people are paying can take a very short trip to the aid of hundreds of millions of some of the poorest people on this planet.
And the next time we get the fever of good ideas, we may find that the talent pool for exploring these great ideas has expanded three-fold, five-fold or more. More great ideas will be brought to us, at more competitive cost, that will be of value to more people, and it will be a global phenomenon. The triumphs of the next technology boom will be enjoyed in places far more exotic than San Jose, California. I say, huzzah!