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Originally Posted by Hermit
I agree the IT industry is a death trap for many Singaporeans. Those still interested should look into the future and try to figure out how many IT engineers and programmers (plus managers) will come from China, Myanmar, India, Sri Lanka, Philippines, etc.
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Start a company and hire them.
Already there are "headcount provider" firms springing up in Singapore providing lots of headcounts to big banks in Singapore. They may call themselves "solutions and services" provider, but they effectively just bring in people from those countries and put them on contracts / projects with the big companies here. It's win-win, cos the banks may not have the permanent headcount but still need people to work on projects on contract basis.
It's a big business and very profitable too. An indian programmer contracted to a bank may be paid $5k, while the firm collects $2k EVERY SINGLE MONTH just to be the middleman. And such firms typically provide thousands of headcount.