For long yes – but with much thinner margins, and requiring much higher levels
of skill, and far, far lower levels of staffing.
They [as in a generic large IT company] will need to pare themselves to the
bone (the middle management layer is one that is bloated beyond all reason, and
ridden
It is not a law of nature that Infosys and its ilk will keep making PAT in
excess of 20%+. Even if profits halve in the next 2 years to 10% - does
that constitute a death of the industry? Pai's point is is that these are
high cash flow businesses, with enough margins and buffer to keep them
afloat
Bhaskar, I can totally understand how these conversations would have gone
even a few years back. While these are the challenges, they also point to
the significant untapped strengths these companies have (knowledge of
customer's processes and levers for operational efficiencies etc.). In
these
On 19/10/16 16:28, Heather Madrone wrote:
[snip]
[FX: Alaric adds Heather Madrone to list of awesome people]
>> 4) At that point, the idea of moving towards a universal basic income
>> becomes palatable. As a society, creating an environment where people
>> don't need to fight for ever scarcer
