Phony Labor Economics on the Persian Gulf……...
“MANAMA: SOLAR PANEL FACTORY TO CREATE 200 JOBS. A solar panel factory will be built in Bahrain at a cost of BD75.6 million ($200m), the GDN has learnt. The new plant is expected to be ready by the end of next year and will create around 200 jobs. It is being spearheaded by the Nasser S Al Hajri Corporation and managing director Dr Ravi Pillai revealed the solar panels would be exported to Europe for domestic and industrial use. "We have invested in this venture because of our belief that the future is in alternative sources of energy," he said. "Solar power and other alternative means are rapidly gaining ground all over the world and five years from now, we will see it being widely used." He also hoped there would be a market for the solar panels in Bahrain…....….”
Okay, the general manager is obviously not a Bahraini but an expatriate. Most the jobs will also go to imported cheap labor from the subcontinent. So what is the point of creating 200 jobs if you have to import 200 workers to fill them? It is like out-souring but in-country.
This is the story all over the Persian Gulf: the plutocrats push for new public spending on projects, claiming it will create new jobs, but they mostly import cheaper Asian and Egyptian labor to fill the new jobs. They create jobs for labor that will have to be imported, and they fatten the bank accounts of the plutocrats (and their oligarch secret and open partners).
Such are our watermelon labor economics…………..
Cheers
mhg
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