Jane Norman goes bust and Thornton closes stores - another bad week! 4th July 2011 2:35 PM
“We need to start manufacturing again, too many service industries these days”
Did you see this at all?
BBC - BBC Two Programmes - Made in Britain
Fascinating stuff, and made interesting viewing.
In a nutshell, it dispensed with the myth of the loss of large scale volume manufacturing such as textiles etc, as more revenue is actually derived from design (done in the UK) marketing, advertising and purchasing. The least profitable portion, the manufacturing element is farmed out to developing economies, who can afford to pay workers tuppence hapenney for basic lowskilled jobs.
Instead we have transitioned to high value low volume manufacturing, such as defence, aircraft which has a much more specialised and upskilled workforce.
Although the conclusions were we don't have enough high value manufacturing to pay for imports, it's a step in the right direction.
Must admit, made me think about some of the stereo type manufacturing myths. Do we really want a factory full of thousands of women earning pennies, or do we want to be upskilling our work force (and dumping benefits