Last Updated:
This story brings out the reality of the uncertain job situation and increasing EMI pressure in today’s IT sector. An IT engineer from Noida has been unemployed for two months and is now paying his home loan by driving Rapido. Hiring slowdown, skill gap and expensive houses – all three together are increasing the problems of the middle class.
New Delhi. The story of an IT engineer living in Gaur City, Greater Noida is becoming increasingly viral on social media. This engineer, who was unemployed for two months, has now become a part-time Rapido rider to pay the EMI of his home loan. He had left his previous job thinking that he would get a better job soon, but the situation kept getting worse amid the hiring slowdown. Flats costing Rs 1–2 crore and rents ranging from Rs 30–35 thousand further increased his problems.
The family had to be sent to the village, they themselves are struggling
After losing his job, it became difficult to manage the expenses, so the engineer had to send his family to the village. Now he is living alone in a small rented apartment nearby and the EMI burden remains the same. To somehow manage the expenses, he rides Rapido and also does freelance work sometimes. Yet their economic situation remains under constant pressure.
Big debate broke out on social media
This video posted on Instagram has sparked a huge discussion on the current situation of the tech industry. Many users said that it is dangerous to take a 30 year home loan while working in a private job. Some wrote that ‘fake lifestyle’ is ruining the middle class. At the same time, many people pointed towards the skill gap and said that there is work in the market, but the candidates do not have the required capability. The increasing use of AI and code copy-paste culture were also cited as the reasons for unemployment.
Finger on both real estate and job market
Commenting on the video, some users also blamed the high prices of real estate. One user wrote, ‘Wait five more years… the situation will be such that no one will be found to save.’ Many people believe that rising house prices, unstable job market and the challenge of AI are putting the middle class in a difficult situation. This story reflects the growing financial insecurity of many urban families today.
