Many a times there is a gap between supply and demand ( skills/knowledge etc.) which eventually gets corrected due to harsh measures like layoffs.
However, I would like to know your views on how jobs in the previous generation were supposedly more stable (even in the private sector) and no one heard of anyone getting fired (esp in India). Is it because of the cut-throat competition now, the technology boom or is there anything else, like employers had more of a socialist mindset earlier which is missing now.
Very thoughtful and balanced analysis as usual. Completely agree with the opinion that the ability to learn new skills is the only “true skill” one can possess in this age where we seek efficiency in every aspect of our living.
"Survival of the fittest" rules.
Many a times there is a gap between supply and demand ( skills/knowledge etc.) which eventually gets corrected due to harsh measures like layoffs.
However, I would like to know your views on how jobs in the previous generation were supposedly more stable (even in the private sector) and no one heard of anyone getting fired (esp in India). Is it because of the cut-throat competition now, the technology boom or is there anything else, like employers had more of a socialist mindset earlier which is missing now.
Very thoughtful and balanced analysis as usual. Completely agree with the opinion that the ability to learn new skills is the only “true skill” one can possess in this age where we seek efficiency in every aspect of our living.