Jim Armitage: Threat to Western workers from lower-paid labour
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 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 3 What are your fingerprint words?
- 4 Gary Lineker involved in Twitter row after presenter rubbishes claims he will be warned by BBC over foul-mouthed tweets
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...