Friday Links

Some great articles for you to take in over the weekend:

Evidence from Japan that companies that offshore operations are more successful at maintaining and growing their domestic workforce. This is worth a read for all the anti-offshoring types. Offshoring has been a big issue in Japan since the 80's thanks to all the manufacturing done there. And while the study can't say what type of employees are hired in the domestic operations, the results do show that perhaps not offshoring is a bigger risk to the growth of a company in their country of origin.

Immigrants Fuel Workforce Growth in Canada - Canada's foreign-born population has reached it's highest point in 75 years with 20% of the population born overseas. They have given a much needed boost to an ageing workforce.

South Asian Blood Sweat and Tears in the Middle East - A damning article on the treatment of nearly 600,000 Sri Lankan domestic workers in Saudi Arabia, Kuwait, Lebanon, and the UAE. The Sri Lankan government reports that 50 domestic workers return to Sri Lanka "in distress" every day! More needs to be said about this, it's disgusting that this type of abuse of workers continues.

Indonesian Economy on The Rise But Jobs Scarce - Quick article on economy growth in Indonesia but also how that growth has been confined to certain parts of the country. In some cases people can make more money offering themselves as passengers to commuters so they can use the car pool lane, than they can from working near their homes.

Dow Chemical cuts 1000 jobs - Includes leaving the automotive sealers business in Asia. Hardly even causes a blip on the share price which always seems to be the case when there are layoffs.

UK Investment Bankers Predict Doom in 2008 - But they still think they'll personally get bigger bonuses!  You've gotta love their optimism. Not that those bonuses weren't bad last year either.

Indians and Filipinos Happiest People in Asia - Who would of thunk it? Filipinos in particular are happy about their career prospects and families but are most of all happy about their health. Unfortunately they came last in "preparedness for retirement". Still at least they aren't unhappy about it.