Re: Serious contradiction of figures
Well, Gordon 10, offshoring has been much a buzzword like "leverage, ecosystem, and agile" Back in the good ol'days (2003 - 2007) companies were eager to jump on that bandwagon and offshore the call centre to South Africa, manufacturing to China, HR and IT to India, and accounting to the Philippines. And our good politicians believed the story of "we no find skilled labour 'ere in da UK".
Ensuring long term intellectual capital? Building a broad skill base? Training up skilled labour? Generating wealth? Not at all.
Germany's long term success comes from keeping their engineering base and therewith their intellectual capital within, well, Germany. They are able to provide their young people at least some hope with apprenticeships and savings and loan schemes for their first house.
The perspective we provide to our young people are stacking shelfs in a supermarket - if they are lucky, and that job is not taken by a guy from Russia.
I ask every reader, who is the loser, when there is a non-EU company, taking over that IT service contract, fires people and offshores highly skilled jobs, and channels the profits out of this venture again offshore to avoid UK tax?
Do our politicians tax outsourced or ICT-abused jobs? Not at all.
Is there an insourcing move right now? Yes, to the companies' branch in Hungary, or Lithuania.