Nobel laureates & pay scales

We were interviewing some people for the job of manager in a middling-sized IT company. The company was opening a branch in New Delhi and wanted a manager to get it going. About 20 people applied for the job and most of them seemed quite suitable for the new post. The young man before us was not only young but also had some experience, though not the kind required for this type of job. Delhi is a tough place to do business, as I know from experience, and I asked the man what his expectations were. "A crore", he said. I pretended not to have heard him, though initially I had no idea what he meant. So I asked him again. "A crore", came the reply. "And, of course, a house and car", he said, without batting an eyelid. He was 24 years old, and he wanted a salary of a crore a year, which amounts

This article was originally published on September 12, 2021.