A lot of people still don't grasp that de-industrialization is already happening. In Europe, major metal smelters, chemical manufactures, etc are already off line or shutting down soon. And the way factories work, you can just shut them down and fire them back up at a later date - they need to run continuously. Additionally, these are not only large employers, but greatly contribute to the tax revenue which support the generous welfare states. It's not looking pretty.