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Words: | Submitted: Mon Jun 19 2006
... in industrial countries, workers will be seeking higher paid jobs than those typically associated with production. Production costs are also cut down because such countries typically have very few employment laws concerning such issues as health and safety. For example the maximum working week in Thailand is 84 hours compared with 60 hours in the UK. The cost of land can also be significantly cheaper than in the UK, especially in countries with a huge land mass such as India. This can be a major influence on companies who require a large area for their production facilities. Other factors reducing production costs include closer proximity to suppliers with many suppliers leaving the UK over the past decade and less red tape. Britain's reluctance to join the single currency has agitated many companies within the UK, many of whom have threatened to leave the country if Britain does not join the single ...
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