Sadly outsourcing is a fact, and I only see it continuing to grow in the coming years. In my opinion big businesses run governments, not the other way round. Any government intervention would only be a PR exercise to placate the masses.
Governments are at the mercy of the financial markets run by multinational corporations and banks, who owe no allegiance to any country. To whom which their bottom line is making profits for themselves.
Please look up the NAFTA and CAFTA and see the repercussions of government interference in business and the huge amount of outsourced jobs since they're inception.
Outsourcing, in and of itself, is not the problem for any country. The problem is a climate that discourages business or encourages business. Example: USA has highest taxes on business in the entire world coupled with onerous regulations and people wonder why business flees
I thought it was Japan. But yes after them we are the highest on the face of it. But large companies never pay that rate: they have so many exclusions and loopholes, many an article has been written on the financial pages about the myth that our companies pay far more than others in other countries.
Outsourcing is a symptom of a problem rather than a problem itself. It means your country is not attractive to businesses in the particular field that's being outsourced.
When this is done for an unfair reason like the fact that US workers cannot and will not compete with 8 year old Vietnamese children slaving away at 22 hour shifts for 80 cents an hour, it is wrong. We should set up tariffs to discourage people from buying products from countries that abuse workers.
But when it is done simply because your country does not have the skilled or required people to staff the job, it is a fundamental fault with the business climate of your country.
and also education. Hi-tech companies in the west have to go abroad to find people of the right caliber because there's not enough of them in their own countries.
Governments are at the mercy of the financial markets run by multinational corporations and banks, who owe no allegiance to any country. To whom which their bottom line is making profits for themselves.
When this is done for an unfair reason like the fact that US workers cannot and will not compete with 8 year old Vietnamese children slaving away at 22 hour shifts for 80 cents an hour, it is wrong. We should set up tariffs to discourage people from buying products from countries that abuse workers.
But when it is done simply because your country does not have the skilled or required people to staff the job, it is a fundamental fault with the business climate of your country.