The numbers arent just going crazy in MBA schools. Its a worse situation in IT salaries. Working for a top MNC, I have been trying to hire for a while. I am shocked at the way candidates bargain for salaries even without bothering about what the job entails. Worse still, most dont even have the skills or talents to match the salaries they ask for. But they are just going for the golden goose right now. My other friends in industry - managing teams in IT relate the same scenarios. People have set their minds blindly for 20-30% salary hikes year on year - without having even the maturity to realize that its not sustainable. Today we Indian IT folks are acting like that greedy farmer who wanted to get all the golden eggs. The costs of hiring an engineer are increasing too fast - in a few years we will be killing our own jobs. People better start learning Chineese if they want to survive long - or realize that our expectations of salaries are unrealistic.
