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June 16, 2021 at 09:49AM
One in five jobs based in the U.K. could be outsourced to other countries in the wake of the coronavirus pandemic, threatening the loss of well-paid white collar employment. That’s according to the Tony Blair Institute for Global Change, which warned that 5.9 million “anywhere” workers — from graphic designers to software programmers — are at risk, many of them in London and southeast England.
“If left unaddressed, the outsourcing and offshoring of these roles would have political, economic and social consequences similar to the loss of manufacturing jobs in the 1970s, but on an accelerated time frame,” the research group said in a report published Wednesday.
The warning highlights the permanent changes to the labor market wrought by the pandemic. The “mass experiment” with remote working means that companies concerned about costs could decide to keep just core staff needed for in-person collaboration and decision making, the report said.
Home-Working Boom Risks Loss of 6 Million U.K. Professional Jobs, Bloomberg, Jun 16
From: The FxPro News Team https://fxpro.news/market-overview/home-working-boom-risks-loss-of-6-million-u-k-professional-jobs-20210616/
Selected by fonecable.com
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