The IT unprofession.
Let's face it, in spite of a few stellar salaries the hands-on IT professional is often treated like a cheap tradable commodity. Look the big companies that offer the miracle of off-shoring. Most of their core staff are accountants not IT people and not concerned about the long term market conditions. Sure enough, moving work from Munich to Hydrabad will be an exciting opportunity to make huge savings, but as any fool knows, and any decent person hopes, people in Hydrabad will expect their living standards to rise, and their fees will flow. So where does that leave us?
IT is a stressful, demanding profession that has little job stability. The real businesses like insurance, banking, manufacturing, technology, etc. having enjoyed the "holiday" of cheap IT people suffer the kick-back of there not being enough good IT professional in their local markets, and those companies that shouted about the wonders of off-shoring walk away with the cash, and the accountants. Do you seriously expect me to encourage my son to follow my foot steps into IT?
