"Complacent office workers don’t realise that their jobs can now be done by anyone, anywhere in the world."Allister Heath's article is here.
"In the short term, it’s lower-paid workers who will lose: Shore Capital estimates that up to a quarter of the time office workers were based in urban centres will now be spent in suburbs, meaning more home cooking and a 20-30 per cent decline in restaurants. But having a job that must be based in Britain will become an advantage. This is good for surgeons and plumbers, but not for bankers, HR personnel or architects."
"The globalisation of the jobs market will destroy the idea that trade inevitably focuses on neighbouring regions – the anti-Brexit “gravity model” will be disproved."
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Friday, 24 July 2020
Allister Heath: Complacent office workers don’t realise that their jobs can now be done by anyone, anywhere in the world
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"Complacent office workers don’t realise that their jobs can now be done by anyone, anywhere in the world."
ReplyDeleteYes. So even if we get a "recovery" it's not going to be the old economy. It's going to be a new economy which is likely to be extremely nasty and unpleasant for non-billionaires and a few people lucky enough to hold the small number of jobs that can't be offshored.
I suspect that another part of the New Normal we have to look forward to is going to be chronic very high levels of unemployment and even more massive economic inequality than we already have.
And, interestingly, it's likely that this time it's white-collar workers who will pay the highest price.
But we'll have a booming stock market.
We are all the Third World now.