Grim
The answer is both simple as well as complex.
The workers has to get a new trade or work their honorable trade in branches that are not directly competeing with the rest of the world on salary - that could f.ex. be production of high value goods or things that requires a high degree of know-how or production that can't be moved.
How you do that is complex.
Personally I have no doubt that the economical succes of scandinavien countries the last 20 years, have exactly to do with that type of socity's strength in helping workers to adapt to a changing economy. Though that is perhaps a political view.
The answer is both simple as well as complex.
The workers has to get a new trade or work their honorable trade in branches that are not directly competeing with the rest of the world on salary - that could f.ex. be production of high value goods or things that requires a high degree of know-how or production that can't be moved.
How you do that is complex.
Personally I have no doubt that the economical succes of scandinavien countries the last 20 years, have exactly to do with that type of socity's strength in helping workers to adapt to a changing economy. Though that is perhaps a political view.