Quote:
Originally Posted by EddyTheDog
They import most products as it's cheaper than manufacturing here - So less manufacturing jobs - They run most back office overseas - Less jobs here - They take business from local UK stores - Less jobs again - Then they don't pay tax -
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Each to their own but for me in the UK, that's whole other problem caused by government interfering in the free market - in the UK you have high regulation and a Minimum Wage.
Now if company A (in the UK) wants to hire person B (in the UK) at $5/hour and it's not allowed, company A can find someone at that rate abroad, such as in many Asian countries.
One job leaves the country and person B goes on benefits because his skills allow him only to get a job paying $5/hour (which is below the minimum wage) - a rate of pay that is not allowed by law. Now person B goes on benefits and can earn a hundred UK pounds per week sleeping all day. However, he has no incentive to look for a job and he's just adding to the national debt and a growing welfare bill.
Company can achieve the same cost saving doing its manufacturing overseas where costs are lower, regulations are easy, no minimum wage. So many jobs end up going abroad and the cycle continues.... How can western countries like the UK compete with Asian countries for jobs? When a skilled guy will do the job at a fraction of the cost. Now person B may not have wanted to work for $5/hr but AT LEAST he should have had the choice!