Massive investment in India by IBM

[threaded]

So according to Benn0 taxation and finance are not related. Interesting to see how the socialist mind works or not as this case exemplifies...

[threaded]

So according to Benn0 labour costs are unrelated to taxation as well.

Keep it up lad, this is truely the funniest, saddest, nonsense I've heard in the last 5 minutes.

[lORD lUCAN]

The problem Benny boy is the doom scenario.
All jobs go to outsource countries.
No high earners in the UK.
UK becomes tourist economy.

Up shot is nobody can afford high end goods, not even washing machines.
Nobody can service their mortgages.
Millions of bankrupcies.
Massive deflation and economic depression.

The offshore companies collapse as nobody can afford their products.
The offshore economies collapse too.

The above is a precis, but I am sure you lot can see the route to this.

We are going to struggle to avoid this scenario.

And that's looking on the bright side. I'm off. Get out while you can!
Before pick pocket Gordon comes and re shafts the same hole.
Gordy will try removing the pants from a bear ass.

[DimPrawn]

Actually no benn0. IBM setting up big time in India will not affect ME directly, only indirectly as it will affect you and others in the UK.

My post was to highlight again, the large corps shedding high end jobs on a large scale in western europe and the US whilst announcing relocation to economies like India.

You can draw your own long term conclusions.

In you mind benn0 this move of wealth generation, knowledge and industry to India is a good thing for us then? Would it not be better to build an economy and infrastructure in the UK that attracts this kind of future investment?

I find people like you benn0 incredulous.

Anyway, have a nice day. I haven't got time to argue with you. You can declare that a victory in your mind if it pleases you.

[The Lone Gunman]

Benn0: I agree with you that this would have happened under any colour Govt.

I dont agree that we are living in a global economy. The corporates are but we are not. It would help if we were.
Our Govt. is consistantly protecting the large corporates from global competition. They can source their products from anywhere in the world where it is cheap. We, the consumer, have our hands tied as to where we can source goods from.

[DimPrawn]

Oh and do you not think that high personal taxation leads to high labour costs?

Do you not think if taxes were much lower on the individual, the cost of labour would and peoples spending power would rise?

[lORD lUCAN]

Labour costs are the biggest factor.

Simple, a helpdesk worker in the UK average £10 an hour.
One in india £10 a day. MMM, let me see....

[NoddY]

There are always numerous less obvious reasons why a company would relocate. It's not always to do with tax - for example the UK branded itself as a country were labour could be discarded quickly and without much fuss. But it seems even this sacrifice is not enough to mitigate the effects of a cheaper pool of labour abroad.

[benn0]

So can one of you tell me how things would be any different under a right wing government?

Irrespective of the taxation regime in place, IBM's biggest factor in the decision to invest in India is the cost of labour.

My own role is shortly to be outsourced. They will be paying my equivalent a quarter of my rate before tax. Would any of you be willing to work at a quarter of your current rate?

It's all a question of supply and demand and the operation of the free market and I don't see how you can come on here blaming IBM for doing what they are doing - The original gripe of this thread.

[DimPrawn]

And that's looking on the bright side. I'm off. Get out while you can!
Before pick pocket Gordon comes and re shafts the same hole.
Gordy will try removing the pants from a bear ass.

I'm off too. Selling up at the peak of property prices and taking all my money away from El Gordo.

Benn0, here's some light reading for you

http://www.thisismoney.co.uk/news/ar...9&in_page_id=2