The 2001 US economic slowdown caused a 44% drop in tech worker demand. This shift disproportionately affects H1-B visa holders and recruitment body shoppers as the industry faces a significant contraction in labor needs and hiring.
I predict the US market slowdown will prompt the Fed to cut interest rates, sparking a recovery in software stocks. I believe it is a strategic time to buy IT assets before they rebound and continue growing.
I argue that the Moody's and S&P credit downgrades will trigger a further economic slowdown in India, suggesting that interest rate cuts won't be enough to counteract the negative impact of these sovereign rating changes.
I highlight the early 2000s legal double standard where US tech companies avoided foreign regulations, such as French law, while the US government asserted its power to prosecute foreign nationals for their online activities.
I met a consultant who flew from Boston to Bangalore assuming he would receive a visa on arrival. Instead, he was immediately sent back to London, highlighting strict entry requirements despite the simplicity of the formal application process.
I shared the US District Court's findings ruling Microsoft a monopoly. I found the document to be a fascinating economic analysis of the company's market power and its impact on the software industry during the late nineties.