I've had a bit of a field day recently on the issue of outsourcing. Here's more bad news.
"Today the region is sucking in foreign investment at a rate of $37 billion annually, which places it second to China in the international competition for capital and light years ahead of India. Central European stock markets are taking off, too. Growth ranges from 3.5% in Poland to 6.8% in Estonia. Poverty rates are declining, and the area's 100 million citizens are turning into a potent consumer market. Most of the region's countries have flat taxes, with rates as low as 15% for corporations -- a big investment draw."
So says Business Week Online.
But it gets worse:
"Even now, carmakers and their suppliers are plowing billions into Central Europe to build brand-new plants and add production lines at existing ones."
Last week, Britain had a terrible time over the EU Budget. Is it any wonder when you see what is happening 3 hours away by commercial airline? Vinnie Marchandani, in an analysis of research undertaken by Forrester said:
"Finally, Forrester seems to suggest that potential rates for engagements sold as combined consulting and technical work could be as high as $ 200-250 an hour. No client that I know of is willing to pay an offshore vendor that much...frankly IBM, Accenture are not averaging anywhere close to that any more."
See what you're going to be up against in the consulting arena?
Now think about how the lack of investment and relatively high wages is killing off businesses in parts of the UK. The US is faced with a similar dilemma to that in the UK. How does it train its next generation of workers such that their skills remain in demand at a elvel that ensures prosperity rather than ending up on the outsourcers scrapheap?