| July 14th, 2008 | No Comments | |
| Written by Ernest Paul | ||
| Technorati Tags: Uncategorized | ||
For those who are concerned about off shoring jobs resulting in fewer jobs for those at home, there’s heartening news.
Economists at the British University of Nottingham note that quite the contrary is happening. Off shoring of work to India by British companies has actually resulted in more jobs in Britain itself. This should allay the fears of the Unions that are up in arms about outsourcing.
In their research of the matter, GEP, ( the Globalisation and Economic Policy Centre ), discovered that the effectiveness of such off-shoring has, on the contrary, proved to advance business as a result of which, more, and not fewer, people are being employed by those companies.
According to the research, losses are suffered when off shoring involves higher job turnover with people finding themselves incapable of adapting to new skills.
Director of GEP, David Greenaway has been quoted as saying, “It would seem that firms that offshore part of their production process or service provision overseas become more efficient. This boosts productivity and turnover and as a result these firms grow and end up employing more people at home, not fewer. ”
Fellow researcher and coauthor of the research report, Richard Kneller stated, “The common perception of off shoring is that it’s largely low paid call centre jobs being exported to low age economies like China and India, but that’s not the case.”
The researchers have found Britain to be a beneficiary of off-shoring in that with Britain’s status with regard to creative media and finance, the country can look forward to jobs in these areas being off shored to Britain itself.






























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