With the loss of 500 ANZ National jobs to Bangalore India and 430 jobs from Fisher and Paykel to Mexico announced today, a pattern is emerging.
The race to the bottom has picked up speed. Companies are increasingly outsourcing their work to low wage economies, like China, India and Mexico, putting hundreds of New Zealand workers out of work.
And it will only get worse. As soon as companies feel the fear of low wage economy competition, they will similarly outsource or close up shop altogether and similar job losses will occur. It’s about time the New Zealand public put a stop to this downward spiral and that means supporting campaigns to stop this, refusing to buy goods made with slave labour and making sure that companies know we will not support them in their attacks on us and workers around the world.