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Littlefella,
My point was to stop blaming the countries where the jobs are moved to such as India and China and start looking a little closer to home - Britain and America.
We all have a choice where we can shop, what goods we can buy as do the big businesses who move their production, IT and call centres abroad to low cost countries.
My problem with moving to low cost countries is that the consumer rarely benefits from this and the company simply makes greater profit. I am personally happy to pay a bit more for something made locally as long as the quality is better.
I actually work in a centre where jobs were moved from Germany and Britain; the costs are 6 times cheaper and the quality just as good, if not better. How are western countries meant to compete with this?
Once again, I would look at the profits made by HSBC, Barclays and other banks which were around 10 billion GBP each last year and ask: is such profit necessary? It was there decision as it was IT companies and other large companies to move abroad to increase their profit.
Regards the braindrain, there is a far greater braindrain from developing countries into developed countries than the other way round.
Regards increased trade, I actually didnt believe the study but the facts were there and I am sure a quick search will find the exact answers. I am often sceptical of these studies as they tend to show what the customer wants to hear.
I am not supporting low cost countries at all, I am just making a point about who to point the finger of blame at.
B2W
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