How come the global economy will regain to its original state.

HI all,

I need to know your views, weather the global economy will come back to its original good state in future.

I was paid hourly 7$ in the year 2006 when i started my carrier , but now present global recession and very tight economy results we are getting $ 3 or $ 4 per hours.

Why this decline happen in IT and freelancing industry.

Weather its due to lots of un employment, many started working as a freelancer and the rates have gone down.

when will the rates go up .

 

Not at any time soon.

 

as a whole, we have to be less communal.............am i right ?

 

Indeed , Europe sinking, Arab burying, Africa almost dead, English not able to show their real economy...

 

Where you live, rates may still be down. Where I live, I still see programming jobs for 100k (and more) per year. Those who don't have much actual knowledge (and that includes not understanding how the economy actually works) always get hurt when things get tough.

When will the economy for developing nations improve? Not for a long time. That's the first place things get bad and the last place they get good.

BTW, Europe isn't sinking, a few European countries are. Much of the Middle East is undergoing revolution, and the economy always suffers. Africa has been "almost dead" in a Western sense since homo sapiens sapiens first evolved there. Some countries are European, but the majority of the continent doesn't use a Western economic model for daily living. England? England is the same as it's been for a few hundred years.

Nothing is different, except that this crash isn't as bad as the last one.

 

Good Info , may be we know the real reasons via your post.

 

Europe sinking, Arab burying, Africa almost dead, English not able to show their real economy...