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by kristjank
705 days ago
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They do receive a lot money through the funds, cheaper loans and investments, but it has to be compared to the money their counterparts earn by exploiting the much cheaper workforce, resources and energy prices in the global east. The minimum wages discussed in the article are at a 1:3 ratio. It's trivial to funnel some money back if you've managed to gain 3 foreign workers for the price of 1 domestic. There is a word for such phenomena and it's social dumping. |
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Btw 1 foreign worker rarely equals to 1 local. Even just the quality of their work isn’t equal usually and averagely, and language, culture, distance, etc differences are on top of that. Interestingly, who moved to Western countries usually works better than those who stayed, even with the same background. Source: my Eastern European ass, who still waits a project which has outsourced workforce and they really worth it not just on paper.