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Originally Posted by gary_580
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Thatcher's structural reforms in the 1980s were, in part, based around the idea that developing countries could do heavy industry so much more cheaply than us that it wasn't worth competing, and the UK should therefore look to developing service and high-tech sector employment instead. It's a not-so-sweet irony that some of those service sector jobs are now going the same way. I wonder if we're going to end up in a situation where there are no jobs left for British people to do because there's always a developing economy somewhere that can do it cheaper (although not necessarily better)?
