Users: Brian Ripley: Temporary Foreign Workers & Offshoring

Temporary Foreign Workers & Offshoring

Businesses are running out of (good) jobs to outsource, but we can still outsource the crappy ones eh! 

By 2016 almost 1.1 million IT jobs will have been sent offshore by 4,700 companies with annual revenue over $1 billion headquartered in the U.S. and Europe. In the U.S. advanced industry labour areas have plunged 61% in 33 years from 1980 to 2013 (top of chart mashup). 

Canada's labour cost (2nd chart in the mashup) is running +/- 20% higher than Mexico's and the top source countries for importing labour into Canada are the Philippines, followed by Mexico, the United States, India and Jamaica. Notice the plunge in Canadian labour costs in 2012 as foreign workers become more appealing as hires. MORE commentary & links at www.chpc.biz

Comments

Life is what you make it......Life is what you make it......
This proves that foreign workers and illegals workers "Jumping the borders" are driving down wages and salaries. Make the company send the jobs overseas.....but bring the "cheap" workers and see your Quality of Life fall.... 11/22/14
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