In addition to ITC and UB becoming employers of choice, one further consequence of the investment banking meltdown is that Chetan Bhagat might soon be unemployed.
I can’t decide if this is good or bad. On the one hand, unemployment might mean he would start writing full time, and we would face the horrific prospect of a new Chetan Bhagat book every year. The horror!
On the other hand, it might force him to actually get a real and respectable job, like becoming a traveling salesman for Fair and Louwly in Coastal Andhra and South Andhra. True, he would probably be completely out of his depth at honourable work, but I’m sure even Chetan Bhagat can learn. And if that happened, he would have no time to write, thus sparing us all.
I feel that the pessimistic case is more likely, for the very reason I mentioned yesterday: in a depression, the vice economy does well. There is a lot more pain ahead.