India’s Worst IT Job Market Explained
Summary
TLDRThe video script discusses the current challenges in the Indian IT industry, where an oversupply of engineers from subpar colleges has led to stagnated fresher pay and high unemployment rates. It highlights the historical IT boom driven by IBM's entry and exit, the rise of Indian IT firms, and the Y2K crisis. The script emphasizes the need for quality education and strong placement networks, contrasting the success of IITs with the struggles of lesser-known colleges. It concludes by advocating for leveraging networks, skill acquisition, and adapting to market demands to ensure a return on educational investment.
Takeaways
- 📚 The script discusses the current challenges in the Indian IT job market, including stagnation in fresher's pay and the widening gap between CEO and entry-level salaries.
- 💼 The IT industry is experiencing a significant shift, with top firms like Infosys, TCS, and Wipro facing layoffs and a reevaluation of their hiring strategies.
- 🏫 The script highlights the issue of subpar education from many engineering colleges, which are producing an oversupply of below-average engineers.
- 📈 The video emphasizes the importance of 'leverage' in the job market, suggesting that individuals should seek to gain leverage through networks, skills, or entering new fields.
- 🚀 The historical context of India's IT boom is provided, starting from IBM's entry and exit from India, the rise of Indian IT startups, and the Y2K crisis that created a global demand for programmers.
- 📉 The script points out that the demand for IT jobs is not necessarily reduced, but the supply of talent has inflated, leading to increased competition and lower starting salaries for freshers.
- 🤖 Concerns are raised about the impact of AI tools on the job market, suggesting that the situation may worsen if the quality of engineering graduates does not improve.
- 🎓 The value of a strong educational brand and network is underscored, with IITs being highlighted as institutions that still provide significant leverage to their students.
- 🛠️ The script criticizes the lack of practical training and industry relevance in many engineering curriculums, which leaves fresh graduates ill-prepared for the job market.
- 💡 It is suggested that individuals should seek education and training that provides a strong return on investment (ROI), ensuring that their educational expenses lead to worthwhile job opportunities.
- 🌐 The importance of adapting to market forces and being early or innovative in one's career choices is stressed, as the traditional paths may be oversubscribed and less rewarding.
Q & A
What is the main issue discussed in the video script regarding the IT job market in India?
-The main issue discussed is the oversupply of IT graduates, particularly from lower-tier colleges, which has led to a stagnation in fresher's pay and difficulty in securing jobs, contrasting with the significant increase in CEO pay in top IT companies.
What percentage of engineering students did not get a job through campus placements in 2017 according to the All India Council for Technical Education?
-In 2017, 38% of engineering students did not get a job through campus placements.
How did IBM's exit from India in 1973 impact the local IT industry?
-IBM's exit left a gap in servicing and maintaining their mainframe computers, which Indian startups like HCL, Wipro, Infosys, and TCS filled by starting with mainframe services and eventually transitioning to software development.
What was the role of the Y2K crisis in the Indian IT industry's growth?
-The Y2K crisis created a huge demand for programmers skilled in COBOL, a demand that the US could not satisfy due to a lack of recent training in the language. This provided India an opportunity to showcase its expertise and further establish itself as a software outsourcing hub.
What is the current state of campus placements for engineering students in India?
-Campus placements have become increasingly difficult, with a significant number of students from tier 2 and tier 3 colleges facing challenges due to a lack of quality education, poor networking, and a saturated job market.
How has the increase in the number of engineering colleges in India affected the quality of graduates?
-The proliferation of engineering colleges, especially those without strong industry connections or quality education, has led to an oversupply of below-average engineers, which has negatively impacted the job prospects for fresh graduates.
What is the significance of the brand and network of a college in securing job placements?
-A college's brand and network are crucial for securing job placements as they provide leverage to students by connecting them with potential employers and offering opportunities that may not be available otherwise.
What is the role of AI tools in the current IT job market scenario?
-AI tools are getting better and are expected to increase the demand for high-quality engineering talent while potentially exacerbating the issue of below-average engineers struggling to find jobs.
How does the script suggest that the concept of 'leverage' applies to the job market?
-The script suggests that in a job market with an oversupply of talent and low demand, individuals with leverage, such as a strong network or unique skills, have a competitive advantage.
What advice does the script offer to individuals looking to improve their job prospects in the IT industry?
-The script advises individuals to seek out education and training that provides leverage, such as strong industry networks, or to enter new fields where demand is high and supply is low.
How does the script describe the evolution of the IT industry from the 1970s to the present?
-The script describes the IT industry's evolution from the era of mainframe computers and the influence of IBM's presence and exit, the rise of Indian IT startups, the impact of the Y2K crisis, to the current challenges of an oversupply of IT graduates and the advent of cloud software.
Outlines
📚 The Shift in IT Industry Dynamics
This paragraph discusses the current challenges in the IT industry, focusing on the disparity between CEO and fresher pay scales, the impact of market forces on job placements, and the stagnation in fresher's pay despite the increasing cost of education. The script highlights the issue of oversupply of engineers, especially from Tier 3 colleges, and the pressure they face due to limited job opportunities and low starting salaries. It also touches on the role of Aevy in providing video editing cohorts, which have a high placement rate and better starting packages compared to traditional IT companies.
🛠️ The Evolution of India's IT Industry
This section delves into the historical development of India's IT sector, starting with IBM's entry and exit from India, the subsequent rise of Indian startups like HCL, Wipro, and TCS, and the transition from mainframe computers to software development. It discusses how India capitalized on the global demand for COBOL programmers during the Y2K crisis and the subsequent growth of the IT industry, leading to India becoming the 'back office of the world.' The paragraph also addresses the current challenges of oversupply of engineers and the need for quality education and training.
🏛️ The Decline of Engineering Education in India
The paragraph examines the decline in the quality of engineering education in India, particularly in Tier 2 and Tier 3 colleges. It discusses the lack of infrastructure, poor placement records, and the absence of industry connections that were once provided by these institutions. The script also criticizes the complacency of these colleges and their inability to adapt to the changing technological landscape, resulting in an oversupply of below-average engineers and a lack of job opportunities for fresh graduates.
🎓 The Importance of Leverage in Education and Employment
This final paragraph emphasizes the concept of leverage in the context of education and employment. It argues that traditional colleges are no longer providing the necessary network and brand value that they once did, and that students are seeking more from their educational investments. The script promotes the idea of cohorts and specialized training programs that offer direct industry connections and placement opportunities, suggesting that these are more valuable than a traditional degree in the current job market. It concludes by encouraging individuals to seek leverage through new fields or by acquiring skills that are less saturated and more in demand.
Mindmap
Keywords
💡Consignment
💡Faculty
💡M.B.A
💡Job Placement
💡Campus Placements
💡Supply and Demand
💡Stagnation
💡COBOL
💡Y2K
💡Cloud Software
💡Leverage
Highlights
The Indian IT industry is facing a significant shift due to the disparity between CEO and fresher pay scales.
The stagnation in fresher's pay in the IT industry is causing dissatisfaction among engineering graduates.
A sharp increase in the number of unemployed engineering graduates due to insufficient campus placements.
The role of market forces in shaping the demand and supply of IT jobs and their impact on salary packages.
Aevy's success in placement for video editing cohorts, highlighting the power of market demand for skilled video editors.
The historical context of India's IT boom, starting with IBM's entry and exit from India, and the rise of Indian IT startups.
The transition of Indian IT companies from mainframe computers to software development and cloud services.
The Y2K crisis and its role in creating a global demand for programmers, which India was well-positioned to fill.
The growth of India's software exports from the 1990s to the present day, reaching $178 billion.
The issue of oversupply of engineers in the market due to the proliferation of subpar engineering colleges.
The decline in the quality of engineering education and its impact on student employability.
The changing landscape of IT job opportunities and the challenges faced by fresh graduates in securing placements.
The importance of leverage in the job market and how it affects the earning potential of individuals.
The role of branding and networking in securing job placements and the value of a strong educational institute's reputation.
The need for a paradigm shift in educational institutes to focus on quality and placement rather than just expansion.
The potential of artificial intelligence and the ongoing importance of a strong foundation in computer science.
The advice for individuals to seek leverage through skill development, networking, or entering new fields with less competition.
Transcripts
yes boss, the entire consignment is here.
yes sure, we’ll meet soon.
Greetings, Greetings, Greetings, Greetings
was thinking of opening, a new college.
for sure, we will.
but from where will we bring the faculty?
Sir, Tea.
Hey, we have this guy na!
He’s done M.B.A from D.N Nagar college.
Wow, amazing!
very good, very good, very good, very good,
go bring my sugar free biscuit.
This teacher and all is fine,
but what about job placement?
Elections are coming na...
i’ll send them.
Internshippp....
You had pult out,
at the beginning of the year that you will hire
40,000 freshers
Is the target still?
The top 3 firms Infosis, TCS and Whipro,
have fired almost 25,000 people,
in the last six months.
we’ll be recalibrating or hirings
our hiring numbers are going to be less
compared to over attrition.
I.T firms are going through a serious makeover,
is this a joke?
hand over
Take a look at this chart.
This is the C.E.O annual pay
of Indian IT companies,
especially, the top 6 ones between 2012 and 2022.
As you can see for Infosys,
2012 sallery was 80 lakhs
Today its nearly 80 crores.
But at the same time
contrast that to freshers annual pay.
In 2012, freshers were paid 2.75 lakhs/anum.
In 2022, they were paid just,
3.6 lakhs.
The bump in C.E.O’s pay,
is this much
and the bump in fresher’s pay.
is just this much.
And that fundamentally is why
a lot of engineers and pressure
from colleges today,
especially the tier 3 colleges,
are upset about the wall has been.
The world has change,
And in this video we are going to unpack
why exactly this is happening
See, we all have heared people around us,
speaking about how their nephew,
niece or cousin got a great package at X,Y, Z company
even colleges these days, post about big tech companies are tired
that hire from them.
I.T jobs have considered to be hot and trendy
3-4 decades now,
but the present scenario is not the same.
The main reason for this package, in a nutshell,
is ‘supply’ and ‘demand’.
Sorry, but market forces apply everywhere,
including I.T jobs.
According to data from All India Council for Technical Education,
38% of engineering students did not get a job
due to campus placements in 2017.
In 2018, that number rose to a staggering 58%.
The data for the covid years is not yet out,
but it's probably much worse than that.
You see a fresher’s pay in the IT industry has stagnated
and especially when they're writing software for a company
that employs 20000 to 30000 people.
Now, Imagine the state of the student,
they are spending 4 years, attending classes,
studying for exams, doing assignments, all with the hope
that at the end of all this, maybe they land a solid package.
Only to realize that the annual salary
is not worth the four years of effort they put in.
See, we at Aevy, also do video editing cohorts.
And we have put in insane amount of effort to make sure
whoever wants placement
gets pleaced.
In fact in our 3rd cohort
90%+ of people who took up placements, actually got a job.
And I am not lying.
A lot of them are getting higher salary packages
than the average starting packages
at most of these IT companies.
Now, I'm not blowing our own trumpet.
We are fully aware that this is also a function
of market forces in action,
but that's what it is, right?
The market is brutal like that.
There's a lot of demand for video editor
because suddenly a lot of these large companies are going out
and creating their own channels and content and at the same time
there's not enough quality supply.
Now this equation has reversed
in the case of software engineers,
especially one’s for doing entry level IT jobes.
And this is all thanks to random engineering colleges,
pumping out below average engineers.
See, what A.I tools getting better,
my worry is this will only get worse.
But let's understand the context and figure out,
how India actually got here.
So, how did India start exporting
software to the world in the first place?
See India’s I.T boom, can be pointed towards the major events?
Three major events.
The very first event was IBM's entry into India.
After India's independence,
Jwala Nehru invited IBM to set up operations in the country.
now if you are young.
The IBM name might not mean much to you.
You probably don't even recognize it,
but IBM was one of the biggest tech companies in the world.
IBM use to make mainframe computers.
These mainframe computers took up entire rooms
and used to cost around 25 lakhs in 1970.
They were mainly for large data processing
and transaction handling.
By the 70’s India had a few hundred of these installed
specifically in banks and the Education Institute
and some government agencies.
But, the question is who was operating these?
See, regular people back then
didn't know how to use these computers.
The demand for the skills to operate mainframe computers
had just started increasing
and the supply was literally nonexistent.
This was
the first
wave of
demand
that IBM's
computers
had created
for computer
operators
and programmers,
who knew
Common Business
Oriented
Language
called COBOL,
you probably
don't know COBOL
because it
is so old.
For example,
see this old
times of India
ads that
claim
that 500,000
programmers
were needed in
the next
few years,
and when there
is demand
for jobs,
it's a ripple
effect
is that it
creates
a supply
of educational
institutes
training
people for
these jobs.
And this is
especially
true back
then because
it was
not possible
to self-learning
computer
science
where nobody
had computers
in their hands
all the time.
You needed
a college,
you needed
a specialized
space
and you
needed special
equipment
that nobody else
had.
And that is
why
colleges
could have
this monopoly
and say,
Well,
you come
over.
We will teach you
a skill,
only
we know
how to do,
so that you can go
get jobs
that nobody
else can get.
Now, the second
part of this is
IBM's
exit.
In 1973,
IBM’s path in
India took a
completely
different
turn where
India’s
Foreign
Exchange
Regulation
Act was
introduced.
According
to the New
York Times,
this act
required
most
foreign
companies
to divest
or get
rid of
majority
or 60% of
equity of
their subsidiaries
to Indian
shareholders
by the end
of 1977.
So, IBM had
two choices
now, either
list the company
in India’s
stock market
or divest
shares
and make the
majority
shareholder
an Indian.
IBM choose
a third
option,
they left
India.
At a later
point
they came
back,
but
IBM had
left
behind
a problem.
Who on
earth
would service
and maintain
their mainframe
computers?
Like
they say
“Necessity
is the
Mother
of all
Inventions”
By the 1980s,
Indian
startups
like HCL
came out
and then
followed
by the wave of
Wipro,
Infosys
and TCS,
where they
started
with mainframe
computers
and then eventually
migrated
to software.
You see, software
back then
wasn't
like the software
we have
now.
You would have
to put it in
your computer
either
with the floppy
disk or
with the CD.
So, not only did
the software
have to be
created, it also
needed to be
distributed,
and it was
also
very hard
to learn.
a lot of people
in India,
people like
Narayan
Murthy
realised
there is an
opportunity
to create
a League
of Good
Software
Engineers
here who could
export
their skills
as a service
to companies
across
the world
where these
companies
handle
the distribution
of their software
and they contract
the
companies
in India
to do it.
But, as
we all know,
software
didn't
really get
stuck behind
offline.
It didn't
get stuck
being on a CD
ROM drive
or a floppy
disk. It went
online.
There was a birth
of cloud
software.
And TCS,
Infosys,
Wipro,
they suddenly
found
themselves
excellently
positioned.
They had
a legion
of old school
software
developers.
But as most of
you who are
software
developers
know, it's
not very
hard to
transition
from writing
code
that operates
locally
to writing
code that
operates
on the cloud.
So they used
the same
skill
and started
developing
cloud
software
for many of
these businesses
across
the world.
And therefore,
India
sealed its
position
as the
back
office of
the world.
Now the third
catalyst
was the global
crisis
called
Y2K.
As the word
transitioned
from the 1900
to 2000
people were
worried that
systems
using two
digits
for years
might
mistake
2000
for 1900
which seems
trivial
now, but
a wrong
date on
a computer,
especially
in banking
systems
could be a
massive
disaster.
People
were literally
losing
their minds.
In fact,
even the U.N.
got involved.
And once again,
there was a
huge
demand
for programmers.
This time
though
US wasn't
actually
able to
satisfy
this demand
because at
this point
they had moved
away from
teaching
COBOL
and because US
colleges
had stopped
teaching
it, India
found
the opportunity
again.
This is one of
those places
where India
being slightly
stuck in the past,
or at least with
Engineering
colleges,
because
they
were able
to write
code in
COBOL
and they had
already
adapted
to the IBM
computers.
So you see,
there was a lot
of demand
and people
across
the world
woke up
to the idea of
India
being
a place
that they could
actually
outsource
software
to. Leading
up to 2000s,
1996
onwards.
Indian
I.T. companies
started
solving
problems
for companies
like Ford,
American
Airlines
and Tobacco
Major
Philip Morris.
At this
time,
the demand
for programmers
was
absolutely
on steroids.
It was the
most mind
blowing
place to be.
So Computer
Training
Institutes
like NIIT
and APTECH
were running
special
courses to quickly
pump out
thousands
of extra
programmers
needed.
They weren’t
the ones
doing the
selling
to the end
company.
That was
Infosys,
TCS, Wipro
and whatnot,
but
they were
the ones
generating
the software
engineers
along with
many of
India's
colleges.
That said
that software
is going
to be important.
Let's
start teaching
this. By 1997,
India’s
software
exports
went past
the
Billion
dollar
mark.
And today
those exports
are worth
around
$178
Billion.
But right now
there's a problem.
This equation
is reversed,
see, it’s lot like
a balloon.
When you start
pumping
air into
a balloon,
there is a maximum size
it can grow up
to. But after
that, the
balloon
is going
to bust.
And I think
this is
where
we are at right
now, not
because the demand
for engineers
is reduced
over the last
three or four
years, but
because
our supply
has inflated
like anything
and the supply
is not
quality
supply.
Because you have
to understand
at this
rate, many of
these good
institutes
had come out,
it was actually
tough to
get computers
centers up
and running
and operational
20 or
30 years
ago. Having
Internet
access
at college at that
time
was considered
a very
big deal.
In fact,
when VSNL
first came
to India,
here was
the price
of what
they charge for
bandwidth.
Today,
the same
bandwidth
cost you
just this
much.
But over time, two things happen.
A lot of people were able
to self learn software.
They were able to learn it online.
So obviously supply increased.
At the same time,
many of the engineering colleges
grew complacent.
A lot of these real estate owners
in Tier two and Tier three, India
and I have a lot of this land.
I don't know what to do with it.
Let me put one teacher
here, let me get one approval
through corruption
and let me run a college.
This is a solid way to make money.
So did a bunch of new colleges.
And it turns out
that colleges provide
a lot of leverage to people.
At least in the early days
of computer science engineering.
The leverage
was I get access to this equipment,
I get access to professors.
who have worked with the IBM technology
that no one else knows how to work with.
And these people
will also put me directly in IBM
because they have
the relationships with IBM.
see but things is changed Now
the new age colleges
in literally these tier two uncles
who were just like,
I have land
don't know what to do with it,
didn't do any of these things.
And granted, zero
leverage to their students.
There was nothing in the college
that you couldn't learn yourself,
you couldn't learn online
and the quality was also unknown.
So they didn't have a brand.
And a final frontier of the college
of actually doing placements,
putting the person
directly into the company
because they had relationships
with the company,
had also started fading
because most of this tier
two or three
people simply aren't as well-connected
as they say
and more importantly,
they have let many of the recruiters
down in the past by supplying
subpart talent
Then the recruiter also grew tired of,
and they were like,
I am not going to come to this college
anymore.
In fact, I saw this picture
recently on social media.
The kid was complaining
that the first recruiter
in almost six months
had come to a college
and they were 600 people
sitting in the auditorium
applying for just five slots
that the company had opened.
It is absolutely ridiculous competition
and very little supply of jobs.
The thing is,
these people don't have a brand
or the network to actually support
these students
freshers are even claiming that
big firms like TCS,
infosys, wipro, tech mahindra and accenture
have delayed the onboarding recently
after issuing offer letters
nearly a year ago
and the terms of ridiculous
2.5 and 3 lacs annum of salary.
Many of these people have to sign bonds
and they're not even
doing the actual work
because many of them
are actually on a bench
because Infosys knows that
20% of people they hired
are going to leave every year.
So they need a bench
in case one person leaves.
They need to swap the person out.
Now, you know, it's easy
to blame an infosys or the tcs
but it's actually not really their fault.
We know how tech services
agencies are run
and it is a bit of a nightmare.
It is very hard to keep
both the client happy
as well as the employers happy
where from the from the day to day.
Whenever you decide
to shut down the agency,
you're basically going to be connecting
clients and talent in sight.
It is essentially a hard job,
you know,
have a lots of middle management.
You have to kind of presume
when somebody will quit
six months beforehand.
And obviously talent from colleges
is not really being trained.
So you also have to take the headache
of training all of them yourself.
All of the responsibility
and headache falls on the CEO's head
and if the ceo tommorow decides,
I don't want to do this,
even replacing him,
the cost of that
two months of replacing
that talent
means that the company
will lose
far more than ceo’s salary
if The CEO decides to do that instantly.
In the early 2000, companies
hunted for good talent
and tried to attract them
with great packages.
But when the supply today of talent
is many times and the requirement,
there's no incentive for i.t firms
to increase their pay.
On top of this,
the college network is also weakening.
And what are these?
Are colleges
do about that instead of them
improving professors
instead of them
improving their placement network
which are the hardest part it is as that.
Let me start one more.
Let me set another scene.
Let me start another vertical
because none of these people
are thinking long term.
In fact,
if you go to the origins
of the idea of college
itself,
college was a place
where the smartest people
in an industry came together and said,
we are about to retire,
let us teach other people what we know.
Right. And they partnered with entrepreneurs,
people who said, Fine,
you teach them all, you know,
and I will sell them to companies
so that every person is happy here.
The professors are happy
and paid me as an entrepreneur.
is paid
and the students
learning from you is also paid
because he's getting a job.
I mean, at this point
I feel like the only people
who are getting scam
are the parents
with everybody else, knows
teachers knows students knows
deans knows
And the parents,
unfortunately are doing it for status
simply because your dad and mom
want to go to the neighbor's house
and take
my kid is a computer science
and you know,
and my kid is working in a IT job.
And that one more thing
I need to touch upon with you.
see when i that many colleges in India
are not producing high quality
engineering graduates.
It is actually a fact.
Most people who walk away
thinking we are saying,
No, don't go to college at all.
That is not true.
These are very complex
and nuanced topics.
This college topic is interesting
because the network,
the brand, the placement, it all matters.
And its the reason
the iits are still kings in India
and having an IIT stamp on a degree
actually matters. How do we know this?
We have hired
multiple people in the past
and we speak to founders every day.
So I know that
almost everyone with IIT
always gets hired quick.
It is the truth.
What I am against
is that tier
three colleges
with the quality of content is bad
and they have absolutely
no placement network.
That is the problem.
See, don't
walk away from this video
thinking or it has no scope.
That is a weird thing to say
because no matter the success or failure,
every thing around you
is because of the wonders
of computer science,
your phone,
your TV,
even this video that you're watching
right now.
In fact,
the next era of artificial intelligence
is still going to be built
on the foundation of computer science.
So it is very obvious
there is scope here
where there is no scope
is what is still to be called it
that should be held to better standards.
When you think of college,
you are thinking this,
but that is not the average college
in India.
The average college in India
looks like this.
And this is the problem.
This is leading to below average
oversupply of talent.
In fact, if you can even you git today,
then you are in top 20
to 30% of engineers already
and you have nothing to worry about.
But believe it or not,
many computer
science graduates
who graduate from these colleges
that don't really care about them
are stuck.
I don't even know how to write code
or have any interest in it Now.
You might say
achina till now
you have spoken about The problem
What is the solution to all of this?
Because we've been struggling
with this problem for years.
So let me tell you, your options
there is a very interesting novel quote,
which says in this world now,
it is no longer
about skilled vs unskilled
white collar vs blue collar.
It is about leveraged
workers and unleveraged
when there's
too much supply of something.
And the demand is very low,
you don't have too much leverage.
It's funny, right?
A lot of people who come to
our Video editing cohort
they go out and say,
well,
the content must be worth
around, 7000 to 8000,
but they are missing the point.
You are not coming here
to buy the course content.
When you come to this cohort,
you are buying leverage,
you are buying AEVY’s
brand, you are buying are 250 plus strong
recruiter network.
You are not coming here
to buy the content
because sorry to burst your bubble,
the content is available freely online
if you really have
the motivation to look.
We have a great community.
There are a lot of people motivating you.
In fact,
you've just onboarded a performance coach
and we have lots of other things.
But at the New Education Institute,
at the core of it
all, you have to do placements perfectly.
Ultimately, people who are coming
are buying our network.
In fact,
look at the number of people
that have been hired
at different, different places.
This is the network.
This is trust
and this is essentially
what you are going to a college to do.
You're doing a transaction.
You're saying you're give me a network.
And if I get great skills that's amazing.
Would you give me a network?
You make sure I am placed
for the 2 lacs 3 lacs or ten lacs
or whatever
I'm spending on you becomes
worth it in n number of months.
You have an ROI
you have a return on investment.
In my years of hiring people,
I've met many people
who are asking people as ideas,
but they don't have the brand name.
So what you're looking for is leverage.
Big finance.
For example,
Warren Buffett had the same
when people are fearful, be greedy
when people are greedy, be fearful.
Now, what does this mean?
Wherever there is a crowd,
you don't make money.
You have to try and be early
or Go do something new or,
something that is less attractive.
less sexy.
It might have been attractive
five years ago
and maybe nobody is looking at it
now, but you will be surprised
how much money that makes.
Jobs are also a free market.
It's just like the share market,
but from a different lens.
And the way you win through
this is through leverage
and better planning.
You get leverage in
the thing that you're doing right now,
or you buy or borrow
leverage from somebody else
or enter a new field.
But everyone starts
in the same square one
and not enough
people have had time to gain
that leverage.
If you want to earn
My name of the achina Mayya.
Thank you for watching.
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