Financial Times FT.com

Foreign threat to service jobs ‘overblown’

By Peter Marsh in London

Published: June 15 2005 22:03 | Last updated: June 15 2005 22:03

Growth in outsourcing of service jobs from rich countries is likely to be constrained because only one in seven workers in low-wage nations has the skills needed to work for multinationals, according to a McKinsey study published on Thursday.

“Offshore employment [in services] will grow gradually, making no sudden impact on labour markets overall in developed countries,” says the report by the McKinsey Global Institute, a research arm of the strategy consultancy.

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