So I need some thoughtful feedback on this topic that is especially on my mind right now.
So I work for a small I.T consultant business in NYC. This firm as I viewed it’s list takes only Govt contracts. As I chatted with one of the more senior employees when I first started ( like 5 weeks ago) he stated that the president of this firm was “burned” like 2-4 times taking on private contracts.
What we and I basically do is I.T related stuff along with some warehousing related work. To give you a rundown of what its like replacing hardware in a Govt building, we go by office cubicle rows searching for specific desktops with a yellow replacement sheet tagged in the front. Sometimes when I would view the sheet to read the name of who sits there (the occupier of the cubicle is irrelevent to the job, just a habit of mines) sometimes the name reads “Vacant”. Of course because I’m almost certain before hand that has any clue of Govt graft and even the existence of Austrian Economics, I fully understand that this “Vacant” is just there to be replaced and used by well… no one… at tax payers expense.
Of course in principle I would not have applied for such an I.T job had I known where the main source of income actually comes from. But I am there for a temp position so…
My questions are, do such firms actually last long? are they actually bankrupt and depend on a Govt pipeline funding? How does this lucrative form of contracting actually work? Am I correct in my thinking that such firms simply disappear when we eventually and collectively fall of the “fiscal cliff”?