Re:Young Indians more likely to be jobless if they're educated
by kelipso on Friday March 29, 2024 @12:23PM
(#39865883)
Lol. I don't know why this is such a meme in hacker news. I would be highly skeptical of anyone (from anywhere) who doesn't have a degree. Trying to make a rule from some one in a million type person is such a misguided way to go about things.
Re:Young Indians more likely to be jobless if they're educated
by atonse on Friday March 29, 2024 @01:33PM
(#39866769)
But it is equally silly to make a blanket statement like yours about people that don’t have degrees.
Why not treat a degree as one signal, as one datapoint among others? It can be a stronger signal in certain circumstances of course, but still just one signal.
Re:Young Indians more likely to be jobless if they're educated
by huytersd on Friday March 29, 2024 @12:36PM
(#39866033)
It depends. Something like 50% of the $1 billion startups in India are started by IIT alumni.
Re:Young Indians more likely to be jobless if they're educated
by ilrwbwrkhv on Friday March 29, 2024 @01:56PM
(#39867037)
The bar is low there. Also many are fake. None of them can survive even against Chinese startups (look at the mobile phone market for example), forget American.
Re:Young Indians more likely to be jobless if they're educated
by huytersd on Friday March 29, 2024 @03:29PM
(#39868036)
It’s hard for many billion companies to be fake. Do you have any sources for your claims?
Re:Young Indians more likely to be jobless if they're educated
by ilrwbwrkhv on Friday March 29, 2024 @03:33PM
(#39868078)
Byju's to begin with. Adani was another recent one. And the ones which aren't fraudulent most are copycats with no innovation. Flipkart etc.
Re:Young Indians more likely to be jobless if they're educated
by huytersd on Friday March 29, 2024 @04:50PM
(#39868850)
Byju’s is downsizing, it doesn’t mean they’re “fake”. Is Meta fake by that metric? Adani is already back to where they were stock wise since Hindenburg. Flipkart literally has tens of millions of customers.
Re:Young Indians more likely to be jobless if they're educated
by ilrwbwrkhv on Friday March 29, 2024 @05:25PM
(#39869185)
Adani literally does stock manipulation and are friends with the government. Byju's will shutdown because of fraud, they are not downsizing. Flipkart is a literal copycat.
It is a shame because India has a lot of talented people but the whole education system and cultural aspects need to change drastically to even compete with China, forget rest of the world.
Re:Young Indians more likely to be jobless if they're educated
by huytersd on Friday March 29, 2024 @06:04PM
(#39869486)
Being a copycat is how you kickstart your ecosystem. Everything in China was and for the most part is a copycat of western companies.
Re:Young Indians more likely to be jobless if they're educated
by ilrwbwrkhv on Friday March 29, 2024 @08:59PM
(#39870789)
China definitely does it better than India. That's my whole point. The Indian education system and culture around business is really poor.
Re:Young Indians more likely to be jobless if they're educated
by huytersd on Friday March 29, 2024 @09:53PM
(#39871106)
There’s no doubt there but India has had a late start and is a democracy, not an authoritarian state. It will get there, it’s going to take a lot longer than China.
Re:Young Indians more likely to be jobless if they're educated
by piuantiderp on Saturday March 30, 2024 @03:36AM
(#39872688)
Care to elaborate? Not saying you are wrong, I am interested in how does the "unusability" manifest?
I had some folks from IIT (their premier tech institute) apply for jobs at my companies and they were worse than a random person from a random university in the US.
The trick though is to hire someone from India who has done things outside of the education system and is self taught. It is so hard to think originally in India that anyone who has done it is almost guaranteed to be really good.