Let's worry about skills, not outsourcing - The Globe and Mail - 1 views
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Information technology workers displaced in Canada are being replaced not by cheap Indian workers but by better ones.
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When businesses save money – and boost profit – good things happen. Because it’s in their DNA to grow, money saved by business is money invested – in new products, in workers, in research.
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But if the shift were from Ontario to Alberta, would the outrage be as great?
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Interesting article written in April 2013, when RBC was outsourcing jobs and there was much hype in the media about it. The author makes some interesting points which I have highlighted for you to read. Firstly, commenting on the fact that Indian workers are actually as well qualified or more qualified than Canadian workers to get the job done. Friedman mentions this in his book when talking about his visits to Bangalore. She notes that when businesses boost profit this is good for the economy because it means they will invest it. However, it was noted by Stanford in Economics for Everyone, that this is not always the case, and the amount of profit being spent on luxury goods rather than investment is currently increasing. Interesting note the author makes about us vs them. She mentions that if the jobs had been moving somewhere else in Canada, would the reaction have been just as passionate? It is important to ensure that we are looking at cultural and racial issues here and taking these into account. Lastly, she comments that on how we have to allow "the natural forces of capitalism to work". Stanford also mentions how economists will often refer to capitalism as "natural" and that this is not true. It is one economic system (which has been created by man) which we currently use, but it is not the only one that can exist, and it certainly did not exist before man did. It is not natural like the seasons.