Doing more for less [ was Lead CF / ASP Developer, New York City ]

Several recruiters in east coast seem to be smoking something or maybe its
everyone :) Yesterday, a recruiter contacted me for a position requiring
atleast 8 yrs exp, hands-on J2EE and .NET experience with atleast 4 years
financial exp in Fixed income and Securities. Guess what the rate was?
ridiculous $31/hr. I have seen rates as high as $60/hr for same experience.

What's driving the rates lower????

I have heard some interesting discussions on this list. I have seen various
reasons from recruiters to guest workers to offshore sites. But they are not
the ones who write the check or generate the demand. The real driver of
southward trend seems to be intense Wall Street / Shareholder pressure to
show profitability. Do you really think that Wall-Street cares how a company
gets its work done as long as its producing profits? In the current economy
where you have to 'do more for less', all IT Mgrs are pushed to lower their
budgets and accomplish more. As a result, cost acquires precedence over
quality or patriotism.

just my $0.02

Abhijit

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