Posted by Steviegtr on 06/03/2020 17:31:20:
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What the hell happened to British engineering… All we seem to have in this country is large distribution networks & huge car parks full of new cars & vans.
Steve.
Appearances are deceptive! British industry is worth as much today as it ever was. It's just moved on, mostly up-market. It doesn't make cheap or basic items any more because they're highly competitive and not very profitable. The best place in the world to manufacture ordinary items is wherever it happens to be cheapest at the moment – which changes over time. Much more value in making high-end products that people pay big money for – MRI Scanners rather than Food Mixers.
Although the value produced by British Industry is high, it no longer employs most of the working population – millions of jobs have gone, many of them well-paid and fulfilling. Unfortunately many worked for financial basket cases; out-dated plant making over-priced products, under-invested, resistant to change, poorly managed, poor labour relationships, spanish practices and persistent low productivity. Too many firms subsidised by the taxpayer. When the crunch came it was extremely painful, and – in my opinion – not well managed. Many a promising baby was chucked out with the bathwater.
Most of the obvious signs of industry have gone – chimneys, big factories, textile mills, mines, docks, steelworks, shipbuilding and heavy chemicals. What's left is far more low key – smallish buildings packed full of CNC, pharmaceuticals, aerospace, computing, electronics and CAD/CAM, often tucked discretely away on bland industrial estates.
The decline in industrial jobs was more than counter-balanced by growth in the service sector. Horny-handed practical men look down on these jobs, hairdressers! But services generate about 3 times more wealth than smoke-stack industry ever did. They're the ones paying my pension, not the blokes who balked at metrication. Actually, it doesn't matter what job people do as long as someone else gets value from it. Any job that pays is good, jobs that don't provide value aren't worth keeping. But chucking people on the scrapheap is bad too – they need to be supported sympathetically at a very difficult time, change is rarely their fault.
Dave
Edited By SillyOldDuffer on 06/03/2020 21:51:36