IGCSE, A Level Business Student Forum

[KN] Deindustrialisation can increase jobs that require higher education and skills especially in the tertiary and quaternary sectors.
[APP] For instsance, as manufacturing declines in the UK more people are employed in finance,IT and digital marketing sectors.
[AN] This creates more professional opportunities encourages young people to gain better qualifications which raises overall productivityhence attracts foreign investment in service industries which increases income levels and improves living standards.
[AN+] Hence, the economy becomes more knowledge based leading to longterm innovation and sustainable growth.

[KN] However deindustrialisation can also cause job losses among workers who relied on factory employment(Structural unemployment).
[APP] For instance, when car factories close in developed countries like the UK many skilled factory workers lose their jobs and may struggle to find new ones in services.
[AN] This leads to longterm unemployment reducing consumer spending hence lowers business sales which causes regional decline and poverty hence increases govt spending on welfare.
[AN+] Therefour, Widens income inequality affected areas which may face depopulation making it harder for the government to revive local economies.

kn]it can lead to rise in tertiary sector but can also lead to structural unemployment.
app]importance and wages of skillful labor will rise but unskilled labor will lose their job.
an]this will increase unemployment in the economy as mostly labors are unskillful, this will reduce income lvl of individuals, reduce consumer spending, which will effect the gdp of the economy.

(KN):One positive impact of de-industrialisation is the growth of higher-skilled and better-paid jobs in the tertiary and quaternary sectors as manufacturing declines economies shift toward services like finance healthcare and information technology.(APP): For example many former industrial countries such as the UK have seen more employment opportunities in finance IT and education (AN):These sectors often require skilled workers and offer higher wages than traditional factory jobs.(AN+):As a result the overall standard of living can rise, and the country becomes more competitive in global knowledge-based industries.

KN:A negative impact of de-industrialisation is structural unemployment.When factories close many workers with specialised industrial skills lose their jobs.(APP): For instance factory workers may struggle to find employment in service industries because they lack the necessary training or qualifications.(AN): This leads to long-term unemployment and lower income for affected workers.(AN+): Over time, this can increase poverty levels and widen the income gap between skilled and unskilled workers, creating social and economic problems.

KN: One positive impact of de-industrialisation is the growth of higher-skilled and better-paid jobs in the tertiary sector.
APP: For example, as manufacturing declines, more people are employed in industries such as finance, IT, and education.
AN: These jobs usually offer higher wages and better working conditions, improving living standards. This also helps the economy shift towards innovation and knowledge-based growth, making it more competitive globally.

KN: One negative impact of de-industrialisation is structural unemployment.
APP: For example, factory workers who lose their jobs may not have the skills needed to work in the service sector.
AN: This can lead to long-term unemployment and lower incomes in former industrial areas. As spending falls, local businesses may also close, increasing poverty and regional inequality.