Thursday, 9 April 2020

Bachelor of Scams (Hons)



A paradox is playing out in India’s job market: the more educated one is, the more difficult it is to get hired.



According to Kotak Institutional Equities Report (2019), unemployment rate is highest among youth with education: diploma (37%); graduate (36%) and post graduate and above (36%). This shows the lack of opportunities for a higher skilled workforce in India.

As the job market in India is competitive, especially for young people, an offer of a lucrative career in a call centre becomes enticing – even if the work means operating a scam.

Poonam, author of ‘Dreamers: How Young Indians Are Changing the World’, investigated the call centres in Delhi and found job advertisements with a mix of keywords that seemed designed for the ambitious young jobseeker: International BPO (business process outsourcing company); zero years’ experience; 40% English required; fast career growth... "They won't give you the name of the call centre - they will tell you're going to work at Amazon or Samsung.”

“But you're actually going to work at a completely nowhere company at a nowhere place in Delhi. All there is a few mobile phones and a few computers and you will be calling people in New Zealand, America, Canada and the UK telling them that their computer has been attacked with a virus," says Poonam.

Many young people leave within a week, or two months on average. After leaving, a number said they felt guilty, but others make a career of it, leaving only to start their own scam.

Piyush is one of those who started his own scam company. When he first started out, Piyush was paid one rupee for every dollar he made in sales. For a $100 dollar scam, he'd only get $1.25. But once he became the boss the money flooded in. Some "lucky months" he took home $50,000. “I was making more money than an MBA graduate,” he claimed.

BBC Stories: Spying On The Scammers

Outsourcing call centres from India is no longer a new story. In January, the U.S. filed lawsuits against five companies (mostly from India) who were responsible for making hundreds of millions of fake robocalls to Americans, causing massive financial losses to the elderly and the vulnerable.

Scammers would claim they are from the banks, IRS, technical support, charities, and others. (In Malaysia, Mahkamah Tinggi or Polis Diraja). Public should be aware of these scam calls. Do not engage with the caller. Hang up immediately and report the suspicious call to the Police. And do not disclose personal or financial data, such as your credit card account number.

For India, the Government needs to tackle the reasons behind the jobless growth. The Government could increase cooperation with states to monitor job growth: Which states have a higher growth rate? Which have lower? The employment data in each state should always be recorded and compared with each other. This could help the government focus on states that lag behind in terms of ease of doing business. India should perhaps shed its service-led structure and transform into an innovation-driven economy and focus on becoming a creator rather than an adopter. It should also aim to focus on becoming an export-driven economy, leading to more opportunities for young people and hence reduce the unemployment rate.

Scams are not peculiar to India but prevalent in many parts of the world including China, Nigeria, Philippines, Malaysia amongst others. Those who fall for scams are either the gullible or the greedy!


Reference:

1.     Nupur Anand, More education means less employment in Modi’s India, https://qz.com/
2.     Snigdha Poonam, The scammers gaming India’s overcrowded job market, 2 Jan 2018, https://www.theguardian.com/
3.     US files lawsuits against call centres, 29 Jan 2020, https://economictimes.indiatimes.com/
4.     The desperation of India's scammers, 14 Jan 2018, https://www.rnz.co.nz/
5.     Koustav Das, Budget 2019: Can Nirmala Sitharaman solve India's job crisis? 25 June 2019, https://www.indiatoday.in/




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