India Software
India had no tech industry in 1990. Then Y2K forced American companies to hire anyone who could fix legacy code. Indian programmers worked at a quarter of US rates, and when the bug was solved, Infosys, Wipro, and TCS stayed.
India had no technology industry in 1990. No manufacturing, supply chains, or venture capital despite having English speakers and education. The advantage was demographics. India had 220 million people aged 20 to 30 by 1995 with engineering and computer science training. They worked for a quarter of American software engineer salaries. A programmer earning 6,000 in India versus 120,000 in California. The wage gap was enormous, but the trigger was accidental. Y2K, millions of legacy American software lines used two digit years. The year 2000 would break them. Hundreds of thousands of engineers were needed to fix code before January 1st, 2000. American companies couldn't find enough engineers. The solution, bring the Indian programmers to American companies to rewrite code.
Watch the full reel free on MoonReelz — moonreelz.com