Market Malice

Share Monday, March 9, 2009 at 12:01pm | Edit Note | Delete

As the days go by the rollercoaster market does not seem to stabilize at all. The major cost cutting measures applied by most companies big or small were something very surprising to see. The big corporates started saving electricity and paper, mostly for environmental issues but this could also save them on bills. While the small companies continue to lead a lavish lifestyle with a little bit of employee cuts initially and later big post cuts and finally the company cut.

The bigger companies sustain with there huge employee numbers. They could do by saving ten percent of each salary to probably earn some interests on that and then return it at the end of quarters or half years. Lest we say anything, the contracts signed for new employees were also not been lived upto- perhaps the perk was to get a flight started getting second AC trains, although I do not have any explanation for the time getting lost in the process. Salary cut is evident in the coming financial year. Though, the people still want there loved ones to enjoy lavish lifestyle that they used to have before all this, when the salary reached peaks.

The price of education for children of the upper middle-class continue to shoot. The saga of the of taxes remains smooth and stable as if the world is a different one there. Price of vegetables and groceries do not show any change, yet there is a prediction that this will go down when people stop being in their shell of well-being and come out bankrupt in the open. For now maintaining the market image of an individual is more important. The big industrialists still continue to rise in their lifestyle by buying new properties or renovating residence not hiding the media attention. Of course, to keep there market value, but also to show their ignorance to the pervading situation where a part of there most low paid employees are even having problems to get a rented accommodation, for the cost cutting measures of salary decrements. The Indian government still continues to pass bills of new construction of mall, flyover, metro train and hotels of crores providing more employment, though at a low rate because of market conditions (as they are outsourced to private companies). More and more traffic jams and again more loss of time and petrol for eighty percent of the salaried people. Not that a common man gains out of this, they take the properties at a very nominal price even when the prices were at peak and I already referred to the employment strategies.

We being the common man. Who are indeed not so uncommon, continue to follow whatever is being shown to us as an ideal life. A life of escapism. Till we don’t loose our jobs or till we don’t really get affected directly we refuse to realize the grimness of the situation. Like, when the salaries were at peak the companies never paid a heed to the environment and cost factor, where saving something then could have not spoilt the habits and saved on a lot of energy and money. The lack of vision in all is slowly putting our India back to a slave-like situation.

With India’s population of 1,147,995,904 around 67,462,568 thinking brains (that’s is the claimed literacy in India) what is holding us back to analyze the affect of the actions we are doing now? Should we all not start thinking and develop a vision? Should we not, stop accepting things as they are shown to us and rather question.