My two cents would be to subsidise the sectors that provide manufacturing and low skilled call-centre jobs. Because these would keep the vast majority of the masses and low-skilled people employed.
However, it is imperative to encourage immigration in high-end IT services and retain students who have completed their masters and PhD (and higher) studies.
This is the group that will innovate for greater intellectual capital and / or invest to grow companies based on their ideas and create more jobs for the masses.
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