Workers of the west retire

[DimPrawn]

from the BBC

http://news.bbc.co.uk/1/hi/business/5256584.stm


Debates whether off shoring will sound the death knell for workers in the West.

My advice: Dont be in debt when the economy collapses.

At last the BBC are getting it right

As jobs in both manufacturing and services move east at an alarming rate, the West could be doomed to mass redundancy.

[Sysman]

from the BBC

http://news.bbc.co.uk/1/hi/business/5256584.stm

.

"The prophets of doom are predicting that huge reserve armies of cheap labour in the developing world will prove Marx right in the 21st Century, squeezing Western jobs and wages and unleashing new forms of class struggle."

See? It is a Commie plot after all!

[hyperD]

What about the eastern worker's personal wealth improving, so internally they buy those products and thus improve the movement of money within their country?

I don't know. Perhaps the global market is so dynamic that it doesn't stand still enough for long term trends to be observed.

[sunnysan]

Not all doom and gloom

Well if you look at it this way, if all manufacturing is shipped to the East, and we all lose our livelihoods, there is going to be no economy left to buy those micky-mouse caps and tamagochi keyrings,... so there will be no demand so all the factories in the east will have to make there staff redundant.

So if you look on the bright side, they will be fcked too:-)

[The Lone Gunman]

from the BBC

http://news.bbc.co.uk/1/hi/business/5256584.stm


Debates whether off shoring will sound the death knell for workers in the West.

My advice: Dont be in debt when the economy collapses.