IT jobs 'lost to cheap labour' -

[Mich the Tester]

http://www.guardian.co.uk/business/2...s-ibm-business

What they are trying to promote for those laid off in the USA is a move to the countries where the jobs are going yet you will only get the local going salary.

"IBM workers in India earn an average $5,000 a year, compared with between $50,000 and $80,000 for a similar job in the US."

That's my point. They then charge the customer the same and pocket the difference. It goes on because western conmen know that most of the Indian techies can't just get on a plane and move to the US or Europe because of visa regulations, as they undoubtedly would if they could. Even those that do manage to come here are paid a lot less than westerners, and are often brought in on 'work experience projects' which allow their employer to get round local regulations.

[sasguru]

Its all explained in this strangely unpopular thread

[Mich the Tester]

Its all explained in this strangely unpopular thread

I think you're wrong. Like it or not, and I'm not really keen on too much regulation, voters all over the world's democracies (I use the word loosely) are so angry about the mess in the financial system and bonusses that look more like embezzlement that they're demanding that governments take a stronger line in regulating markets and the activities of multinationals. Rightly or wrongly, the age of liberalisation has come to an end, and it's time to figure out how to make money in a more regulated economy.

[Sysman]

If the skilled work force is unemployed who is going to be able to afford those first world prices?


This has been my mantra for quite some time.

Snap. I have already seen this in action with former colleagues in the US.

And where I live at the moment, rents have been substantially inflated over the last couple of years by an influx of much cheapness labour. Thing is, they are on reasonably good money, so the only cheapness I can see is long term, such as pensions etc. That or there is the political will...

[Mich the Tester]

Snap. I have already seen this in action with former colleagues in the US.

And where I live at the moment, rents have been substantially inflated over the last couple of years by an influx of much cheapness labour. Thing is, they are on reasonably good money, so the only cheapness I can see is long term, such as pensions etc. That or there is the political will...

Indeed. If there's no middle class there's no-one left to buy the cars, fridges, TVs, holidays and gadgets that multinationals sell. Nobody except a few very rich people, but they aren't going to buy 500 fridges each or 2000 Astras each week.

[sasguru]

I think you're wrong. Like it or not, and I'm not really keen on too much regulation, voters all over the world's democracies (I use the word loosely) are so angry about the mess in the financial system and bonusses that look more like embezzlement that they're demanding that governments take a stronger line in regulating markets and the activities of multinationals. Rightly or wrongly, the age of liberalisation has come to an end, and it's time to figure out how to make money in a more regulated economy.

Nah. Temporary blip. Some of the US banks will be able to repay their TARP money this month so they the govt will have no hold on them.
Then if they find onerous regulation in the US or Britain there'll be somewhere like say, Vietnam, who won't have the regs and they'll relocate there.
This will only speed the process.

[sasguru]

Indeed. If there's no middle class there's no-one left to buy the cars, fridges, TVs, holidays and gadgets that multinationals sell. Nobody except a few very rich people, but they aren't going to buy 500 fridges each or 2000 Astras each week.

With the demographics in Europe, multi-nats know they are on to a loser. In India 75% of the pop are under 25 with a rising income. Now there's a market. If you had no nationalist thoughts where would you rather be?

Think like a CEO, man, FFS!

[Mich the Tester]

Nah. Temporary blip. Some of the US banks will be able to repay their TARP money this month so they the govt will have no hold on them.
Then if they find onerous regulation in the US or Britain there'll be somewhere like say, Vietnam, who won't have the regs and they'll relocate there.
This will only speed the process.

Just as they moved to Ireland and bankrupted the place? I think that even the most idiotic of third world dictators have seen the damage and will leave well alone.

Anyway, arguably it would be good riddance. We might then start building real companies making real stuff. Oh no, sorry, media studies people don't know how to do that.

[Mich the Tester]

With the demographics in Europe, multi-nats know they are on to a loser. In India 75% of the pop are under 25 with a rising income. Now there's a market. If you had no nationalist thoughts where would you rather be?

Think like a CEO, man, FFS!

Newly rich people buy European goods and always have because the new rich want to emulate old money. Hence they buy European brand names. Europe will be OK as long as it competes on quality and image. Try to compete on price and we're dead.

[denver2k]

Newly rich people buy European goods and always have because the new rich want to emulate old money. Hence they buy European brand names. Europe will be OK as long as it competes on quality and image. Try to compete on price and we're dead.

Does that include UK.....I dont think so...