Business is clogged up

Here's a letter from a reader of the Daily mail.

A LOT of unemployment in our old heavy industry areas is due to a phenomenon my late father warned me about 'Clogs to clogs in three generations'.
A successful enterprise is begun by a tradesman and inherited by his children, but is then steadily run down-hill by their offspring, many of whom have never worked in their lives.
I've seen it first hand. A successful business was strangled by people who tried to maximise their income - or they'd have to get jobs.
I worked there when the last surviving partner and his nephew were holding the fort with a bare majority of shares.
Eventually, mortality took that partner and the company was sold to its biggest competitor just to keep a lazy few in a style they refused to work to maintain. Can anyone be surprised that the workers - people who really had to struggle to live at all, in substandard everyhing, including education - took the 'welfare' option when they were cast upon life's scrapheap ?
Incompetent British management took everything to enable inheritors of shares to live the life of Riley while the company went downhill until it could no longersell its products at an economic price.
Most of the plant was basically scrap. We now have to re-motivate these people and their offspring. It's a bit late for some, but it's time we relearned what our people can do. We must educate the youngsters who can 'kick a ball around' or 'win at computer games' that a career in these fields is unlikely.
It doesn't help that New Labour's 'education,education, education' produced thousands of unemployable 'graduates' with pointless degrees, most of whom seem to be highly qualified ushers for the 2012 Olympics.
We need our feet properly grounded. UK plc needs to train a full quota of skilled people to ensure our industries and businesses are the best manned in the world.
Importing skills is a poor second best. Businesses should be made to compensate those whose skilled workers they take.
(reader from West Yorks.)

This letter impressed me so much i had to reproduce it and share it with you.