QUOTE(segamatboy @ Feb 5 2013, 10:38 AM)
SEA and China are becoming the destination for manufracturing. For how long??? Do you know that US companies are under tremendous pressure to bring home jobs??? Obama is no Bush. I am currently working in Canada and saw first hand how US companies were moving jobs from Canada back to US. Just to name 2... Caterpillar shut down one of its Canada subsidary and moved it back to US. Several months ago, GM(the second largest auto maker in the world announced that the Camaro plant in Canada would be moving back to US
Google already said that they will built their new phone in the US. Apple also said it will built some of their computers in the US. Go Google....US companies moving jobs back to US and start reading. You think those news are BS???? Will Europe politicians follow US lead and apply pressure on their companies to move some of the jobs back to alleviate their unemployment problem???
just my 2 cents
Good points.
Let's segment the job market a bit, there's the obvious blue collar jobs, the likes of plumbers and electricians. These are skilled labors that's hard to replicate and will always be in demand.
Then there's the blue collar factory work, focused on manufacturing. As the labor costs in China and the rest of southeast Asia start to go up, countries who've outsourced will start to insource again to pacify the citizens of the US and Europe. I don't think this will stop anytime soon.
The low end information worker will continue to be offshored in general but there's a lot of out of work people in the US today that can do the job at similar rates. The bad thing is that a lot of this work is starting to get automated so even this segment is endangered.
What won't be outsourced are those that either create new ideas or have immediate touch points with the public. The former is similar to the developers, architects, etc while the latter could be consultants, doctors, lawyers etc.
Unfortunately I don't see where Australia fits in the last case. New York, London, Hong Kong, Singapore will continue to be the finance capitals while Silicon Valley, Beijing, Mumbai will be the startup hubs of the world for things like IT. I'm a bit down on the prospects of a good, high paying job in Australia now that the mining boom is pretty much over. Not even sure what I'd do with my PR because in a decade or so when my kids are ready for college, Australia may not even be a good choice anymore...