Comments on: Street Power http://6ampacific.com/2006/04/19/street-power/ Basab Pradhan's weblog about business and life in a 'flat world'. 6 AM Pacific is the best time for a global conference call. Thu, 20 Nov 2008 22:44:23 +0000 http://wordpress.org/?v=2.6.3 By: karthik shankar http://6ampacific.com/2006/04/19/street-power/#comment-63 karthik shankar Tue, 23 May 2006 09:17:00 +0000 http://sixampacific.com/?p=17#comment-63 Thought provoking. On an aside, I am worried that the government's inteference in labor deployment by the private sector does not reach the point where there are job reservations in pvt sector. No need to panic overly on reservations in educational institutions (IITs and IIMs) as long as enough good quality reasonably priced pvt schools are available.Markets know best, will know to distinguish between a good candidate from a pvt school and a bad candidate from an IIT anyway. It is just that entrance exam as an effective determinant of candidate quality will move downwards from educational institution to pvt sector company. Unless the Govt brings in reservation quotas at pvt sector level in which case we are doomed! Thought provoking. On an aside, I am worried that the government’s inteference in labor deployment by the private sector does not reach the point where there are job reservations in pvt sector. No need to panic overly on reservations in educational institutions (IITs and IIMs) as long as enough good quality reasonably priced pvt schools are available.Markets know best, will know to distinguish between a good candidate from a pvt school and a bad candidate from an IIT anyway. It is just that entrance exam as an effective determinant of candidate quality will move downwards from educational institution to pvt sector company. Unless the Govt brings in reservation quotas at pvt sector level in which case we are doomed!

]]> By: devidutta tripathy http://6ampacific.com/2006/04/19/street-power/#comment-62 devidutta tripathy Sat, 29 Apr 2006 14:14:24 +0000 http://sixampacific.com/?p=17#comment-62 Would appreciate if you could write something more in your "about" page. Would appreciate if you could write something more in your “about” page.

]]> By: Sachin http://6ampacific.com/2006/04/19/street-power/#comment-61 Sachin Fri, 28 Apr 2006 01:22:12 +0000 http://sixampacific.com/?p=17#comment-61 In India labor strikes and Dharnas are the terms of past now with the booming economy no union has time to waste in all such activates. More over top talents from large government firms are joining private companies for better opportunities and future. Some of the top companies in India like Maruti, SAIL, ONGC are not facing such problems more often in the current time because of money is being distributed by these companies in form of stock options, VRS etc. I could only see DHARNA and Strikes in Calcutta where CPI (M) is in power. Other wise rest of the India is making money, no time for Strike…) Reforms are always better to bring changes in life. But for private companies there are no labor laws, as they always have hire and fire (by other means like on the basis of performance) options open when they starts losing profits. Thanks to the booming economy more than 60% white color jobs are created by private sector and they don’t have Unions yet. Do you think if the labor laws are not changed then new sectors like IT will also have unions in the next 10-20 years? In India labor strikes and Dharnas are the terms of past now with the booming economy no union has time to waste in all such activates.
More over top talents from large government firms are joining private companies for better opportunities and future.
Some of the top companies in India like Maruti, SAIL, ONGC are not facing such problems more often in the current time because of money is being distributed by these companies in form of stock options, VRS etc.
I could only see DHARNA and Strikes in Calcutta where CPI (M) is in power. Other wise rest of the India is making money, no time for Strike…)

Reforms are always better to bring changes in life. But for private companies there are no labor laws, as they always have hire and fire (by other means like on the basis of performance) options open when they starts losing profits.
Thanks to the booming economy more than 60% white color jobs are created by private sector and they don’t have Unions yet. Do you think if the labor laws are not changed then new sectors like IT will also have unions in the next 10-20 years?

]]> By: My $ 0.02 http://6ampacific.com/2006/04/19/street-power/#comment-60 My $ 0.02 Wed, 26 Apr 2006 21:14:15 +0000 http://sixampacific.com/?p=17#comment-60 Liked the silent majority and vocal minority comment. Applies to Indian labor market too, where the smaller organised labor force (as compared to unorganised labor) is able to have its way. Seems paradoxical as silent majority acconts for more votes than vocal minority. I guess another reason of failure of broad reforms is their proposal when there is no "tipping point" / major crisis. Most reforms happened when there have been huge economic crises: India in 1991, various European countries in late 70's and 80's (Britain, Netherlands, Ireland and Finland). People are not ready to change as too many of them still believe that status quo is better than transition. Unless there is a major crisis, little will happen. Look forward to hear your thoughts on how can one successfully transform before hitting a major crisis. Liked the silent majority and vocal minority comment. Applies to Indian labor market too, where the smaller organised labor force (as compared to unorganised labor) is able to have its way.

Seems paradoxical as silent majority acconts for more votes than vocal minority.

I guess another reason of failure of broad reforms is their proposal when there is no “tipping point” / major crisis. Most reforms happened when there have been huge economic crises: India in 1991, various European countries in late 70’s and 80’s (Britain, Netherlands, Ireland and Finland).

People are not ready to change as too many of them still believe that status quo is better than transition. Unless there is a major crisis, little will happen.

Look forward to hear your thoughts on how can one successfully transform before hitting a major crisis.

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