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I don't think this is a reflection of the economy. It's a reflection of:

1. the educational system

2. the menial tasks outsourced to India

3. the poor development practices of Indian companies

All of them lead to low-quality programmers. This is a problem worldwide as well. I've been hiring as many people as I possibly can for the last 6 months (worldwide, between $15 and $60/hr). I've hired about 5 people.




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