Monday, 22 November 2010
Cutting immigration nonsense from the City
However, this is not what I have seen in the real world. In the real world there are people in the UK who want one wage, and typically less experienced and capable, but much cheaper people from South Asia. What consultants like Oracle, HP and other firms want to do is import more of this more cost efficient labour into their supply chain to lower their costs; and why not for them, it works just fine.
For UK workers though this is less beneficial, skills are lost and although it may be fair to argue that the UK workers are demanding too high wages, you often can't compare in terms of experience and capability.
Therefore there is a lot more to this argument than the sort of trite pumped our by the City about the issue being low wage replacement being misguided. This is on the money in terms of policy, allowing the UK time to adjust. India and others are going to grow anyway, no need to actively destroy our own industries along the way.