Jim Armitage: Threat to Western workers from lower-paid labour
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Friday 18 January 2013
Global Outlook Oil, gas and mining engineers have been living high on the hog for much of the last decade, thanks to the surging prices of commodities.
But something said by one of them to me today made me wonder how long the party's going to last.
They said that, while the money continues to be sky-high in riskier territories, Western engineers are being increasingly undercut by lower-paid workers from countries like India who are skilled but willing to work in dodgy areas for less money. Their skill levels aren't up to Western contractors' standards yet, but that's only a matter of time.
Western firms like BP spend a fortune ensuring their staff are safe – which is why it's so shocking when you get an incident like Algeria.
But I wonder whether firms from poorer nations, employing staff from poorer countries, will be so careful when they start running big plants in dangerous regions.
- 1 Crystal meth addict 'gouged out his eyes and ate them' while high on drug, Australian MP claims
- 2 As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
- 3 The ten most unequal developed countries in the world
- 4 Saudi Arabia 'seeking to head United Nations Human Rights Council'
- 5 Toddler throws a tantrum at the White House – in front of Barack Obama
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
The day that Britain resigned as a global power
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...