PM: 'Migrants Take Jobs Our Young Cannot Do'

[Bruce Wayne]

You're welcome Carlos. Happy reading.

 

[carlos21]

You're welcome Carlos. Happy reading.

thanks some very good points.

 

[Bruce Wayne]

Bit relevant to jobs (nabbed from the Economist)

Many of the latest technologies will require fewer workers. This means manufacturing will not produce many new jobs, at least not directly on the factory floor. However, taking a broader view of manufacturing and its related services, the factories of the future can boost overall employment. Understanding this more complex value chain will be critical to any government wanting to assist industry rather than hinder it. (To help with that the report suggests the British government set up an office for manufacturing.)
One of the biggest concerns confronts manufacturers everywhere: education and training. Manufacturing will become more highly skilled. In the years to 2020 there will be around 800,000 jobs to fill in Britain as people retire or leave manufacturing, taking their experience with them. Helping people gain the necessary apprenticeships, technical qualifications and degrees is a legitimate role for government. But firms will need to do their bit as well. At present only a quarter of engineering and technology graduates in Britain end up working in manufacturing six months after graduation. Many go to financial firms. The laws of supply and demand mean manufacturers are going to have pay more if they want to attract the talent needed for the next industrial revolution.

Without wishing to spook people, there is a growing trend it seems for manufacturers to be less concerned with the product, and more concerned with the servicing of it. That's where the money is. Think of your razor as an example. The product itself is almost given away, with the money then made selling you blades.

The likes of GE and Rolls Royce now make almost as much from servicing their engines as they do from selling the engines themselves.

If the actual production itself is of lesser importance to the company, it could have a sizable impact upon the number of lowly skilled jobs out there.

 

[carlos21]

Bit relevant to jobs (nabbed from the Economist)



Without wishing to spook people, there is a growing trend it seems for manufacturers to be less concerned with the product, and more concerned with the servicing of it. That's where the money is. Think of your razor as an example. The product itself is almost given away, with the money then made selling you blades.

The likes of GE and Rolls Royce now make almost as much from servicing their engines as they do from selling the engines themselves.

If the actual production itself is of lesser importance to the company, it could have a sizable impact upon the number of lowly skilled jobs out there.

thanks again I like you lid.