Long article good read:
How Long Will America Lead the World?
Working in IT, I've seen many jobs have been outsourced, also worry about my
own role. A few weeks back I met with old lawyer friend who tells me that
to deduce cost's his firm have outsourced their legal secretary. All
communication is via Internet, recording of voice memo's. Once the secretary
has completed the document and he is emailed location of document with
password, he prints this off and posts it off, 25k/30k saved.
With the low cost of bandwidth and reliability of the hardware and stability
of operating systems, support staff and developers can be based anywhere in
the world as they are able to remote control on to the users PC or server to
As manufacturing has gone, services are gradually being transferred what is
the next wave, just can't see where we going, what is there for the future
work force in the UK? What is running this country, debt?
I see Britain becoming two nations, one that still uses money and one
that doesn't. I know we have niche manufacturing but that can only
support niche communities. We have the financial firms in London but
sooner or later London is going to get fed up with being asked to
bankroll the rest of the UK so London, en masse or a piece at a time,
will relocate. We can't rely on it. The whole idea of everyone being
part of a consumer society is that the society overall makes enough
money to support everyone, those in work, those ill or infirm
included. For a consumer society to function, for it to make any kind
of sense, certain parameters must be in place. You have to have the
right ratio of workers to customers to available (local) work. That's
Plumbing mate,train to be a plumber..it only takes a week to train and
you can earn £250,000 a year. Also train to be a bricklayer or
plasterer in only a week and earn similar amounts.
Oh hang on, i forgot,weve got lots of Polish plumbers, plasterers and
brick layers coming over here already.
Strange though, we dont seem to have any Polish lawyers, estate
agents, members of parliament, judges or any other similar
"professionals" coming over do we?
Seems like we will all have more leisure time on the dole, and why not
? Its a lifestyle choice these days.
Remove antispam and add 670 after bra to email
On Holiday !!
Yes, but jobs are also outsourced TO the UK.
So, this will lead to a normalisation of worldwide exchange rates and the
labour costs will be equalised.
Yes, they can also be based in the uk.
Reduced, not gone
If it was *that* serious - where is the mass unemployment ?
Lots of holidays :-)
Good point, these characters are often quick to defend the rights of
those outsourcing others. Maybe it's time to begin outsourcing them. Would
we really miss the present judiciary and their spectacular failure, nay ,
lack of will to protect the public. Would we miss our highly paid
administrators of EU directives, our representatives, lol-- MPs?
Can you think of any group that wouldn't make a better job
of representing us? I'm sure that cosseted bastion of the left, the BBC
would be glad to see themselves outsourced, it would be in keep with their
agenda of "inclusivity" Or would they think that was a step too far?
It's disguised at university learning for meaningless degrees, getting
deeper into debt as it does so. It's disguised on training courses for
non-jobs. It's disguised on sickness benefits. It's disguised by
employment, if you can call it that, in the public sector. Soon when
Gordon Brown starts his youth organisations, many of the younger
unemployed will be disguised there.
It's there, it's just hidden from immediate view. The problem we have
as a country is that it costs us a lot more money to maintain training
schemes and the like than it would to come right out and admit they're
all useless and decant everybody currently in disguised unemployment
back on the dole. That would be the best thing to do in the interests
of the country. It would be very bad politically, though, as they'd
have t admit things aren't going so well. in fact, very, very badly.
Our money is spent to disguise from us the facts about how badly our
money is spent.
And don't moanl Chances are you voted for this - don't say you didn't
know what you were doing!
Lots of no chance to empower or sustain oneself through work. Reason
being, too many people, not enough paying work due to no customers due
to our not being able to compete internationally.
It's unlikely they'll last, though. Gordon seems to be sniffing round
London now to get more taxes out of them by closing down loopholes.
See, if you're Gordon, you've got a problem. You need taxes now, not
next year or the year after, because you've got bills to pay for all
the benefits people are receiving and the public sector wage bill. The
only people who can fund that are, or should we say, is, London. So,
London has to pay more taxes. This is a must as without the money
London provides, the rest of the country, which by comparison provides
very little, simply ceases to function as an economy. Eeek! End of the
consumer society for Blighty - that won't look too good on the old
political resume. So Gordon has to tax London more, it's the only
significantly earning sector in the UK, but make his getaway before
the resulting chickens come home to roost. But getting back to the
problem, London itself doesn't actually owe the rest of the country
anything. If you upset it, it'll move. Take a few years, but it'll
move. Scatter round the globe, maybe, or get a boat, work from there.
Buy, say, a small island. Somewhere warm. Sounding good already, isn't
So say London's gone; how does Britain continue to function as part of
the global economy? Well, it doesn't, but that doesn't bother our
Gordo, because he's long gone. He's been PM for a couple of years,
years he's spent spending our money globe-trotting establishing
himself as a world statesman, (bit like that recent 9 billion pound
jaunt over in Africa), and he's now Grand Umpah of Lumpahs in Pooh-Bah
Land (formerly Europe).
And we've paid for it.
And, we voted for it to happen too!
We now live in the global economy where the big corporations now
dictate the success or failure of nation economies. Many of the British
institutions are now in the hands of foreign investors and owners. And
everyone from lawyers to supermarkets are competing in a knifedge
competition for business. The shareholders and lenders to business
demand maximum profit which means that overheads and expenses in
business has to be addressed.
Even in local government councils are under pressure due to lack of
funding from central government to keep their council tax down so they
will cut overheads and services. The government also has to balance the
books against an increasingly expensive NHS, pensions and increasing
deficit so are cutting ministry budgets. The only good thing about
governments is they can see off problems with loans going over decades
or centuries. The man in the street cannot do this and nor can most
businesses that exist year from year or even days to day to survive.
In the global economy Britain has an influx of workers from other
countries who are willing to work for much less and lower living
standards than your average British worker. Also the big companies know
that they can keep wages down if they employ people in a different
country to do the same thing but on a cheaper basis. Places like China,
Taiwan and India are going to be the big winners in the global economy.
Take my pet subject, the baby boomer ... those aged 42 - 60 years of
age. These guys have always been spoilt and were able to have a good
time in their youth, spend a high life as yuppies by spending big sums
on the latest hi-tech toys, cars and fashion and generally are highly
materialistic and spend happy. The boomer faces huge debts to finance
the lifestyle they are always used to, a problem of pensions and the
loss of jobs to lower paid workers in other countries. It is a
generation that is going to end in serious trouble.
The generation x and y's are also in problems as they face huge debts
from student loans, face huge competition for jobs against equally
capable people from other countries, cannot get on the housing ladder,
face huge council bills, rent, fuel...
They have also been tempted by easy credit to spend spend spend and
are also been influenced into gambling and making serious losses.
We have lost two major employers in the Suffolk town of Haverhill in
recent weeks due to the same global economy and all those workers have
little prospects. Manufacturing in UK has been in recession for several
years but the consumer recession has yet to happen as these guys are
spending on the back of credit cards, loans and the increasing prices
of their homes. The whole financial and economic fabric of Britain is
insecure and it will take only one serious reversal in the house
market, stock market or other area and the house of cards will
For the generation x and y the answer is to get out of Britain and head
east to places like Hong Kong and India. The future is bright in those
countries. There is no future in Britain.
The BNP will also be a big winner in the equation as they are putting
forward a form protectionism, isolationism and generally trying to
protect the worker and Britain. However even the BNP will fail as they
will rule a country in absolute poverty and the wealth will be
elsewhere along with all the bright young minds that were Britain's
But not before the UK is reduced to the status of a banana republic, with
But in general aren't.
Not quite, not yet. Much of the little that remains is foreign owned or
Disguised as civil service jobs with guaranteed, inflation proof, final
salary pensions at 60.
Which means debt.
Not me, I didn't vote for this lot of incompetents. Trouble is I can't see
the other lot doing any better. They seem to be turning themselves into
clones of this lot.
Broadly agree with your above summary, except I would be surprised if this
lot do get re-elected this next time so Gordo is unlikely to get his couple
of years as PM.
|| On Holiday !!
|| If it was *that* serious - where is the mass unemployment ?
Just for starters... people now on incapacity benefit circa 2.8 million,
latest official unemployment figures 1.59 million, since New-Labour came to
power an extra 1 million mopped up in government funded employment, well
over a million manufacturing jobs lost since 1997...
||| just can't see where we going, what is there for the future
||| work force in the UK?
|| Lots of holidays :-)
||| What is running this country, debt?
|| Financial services.
One day, lawyers are going to realise that they can use those keyboard
things attatched to their computers to actually type letters themselves.
The thing is, outsourcing generally doesn't deliver anywhere near the
savings that the hype claimed, since the separation drastically reduces
the quality of the work. There are a few kinds of work which can be
outsourced fairly well - call centres, for instance - but only a few. We
don't need to worry about the UK's jobs all being outsourced.
We do need to worry about Indian and Chinese companies just straight
outcompeting ours, though.
It is not really cost effective for a lawyer charging 300 UKP/hr to type
letters or judgements. Getting good legal secretaries is not easy and
whether the work can be done accurately enough by someone in a 3rd world
country is far from obvious. Some big accountants are doing the same
with a lot of their work.
"fairly" being the key point, the Indian call centers I've spoken
(Lloyds, Citibank) to have been appauling. I think the whole call center
thing has been overblown.
I betya there is every chance that the current lot get voted back in.
There are millions of potential Labour voters who hate TB, just
waiting for somone else to vote for. If the handover to GB is handled
correctly I don't think the tories have a hope at the next election
and any ideas that they have is just whishful thinking IMHO.
In a nutshell. It is a debt that can never, and isn't expected
to ever be paid back. The money that is lent out is created as
a simple bookkeeping entry by the banks. But accumulates as
an interest-bearing debt. Thus the amount of money in circulation
is always less than the amount owed to the banks.
More worrying than the personal debt levels reached, is what is
happening on a global scale. You do realise the world is in the
biggest liquidity bubble *ever*. Banking institutions have
had access to money at zero percent interest since the early
nineties. And they have been borrowing it by the truckload,
in seemingly limitless quantities.
It is fuelling bubbles everywhere you look. Private equity, hedge
funds, the housing market. Interest rates are now on the rise and
at some point you can expect a financial disaster that makes
the great depression look like a nice picnic.
I would set your aspirations for the future on basic survival.