Those who voted for BREXIT tended to be older and less educated. Like in the US, these folks have been less prepared to the changes that have occurred with globalization (which is good for economic growth). One British commentator noted that the majority of those who voted for BREXIT) will live for an average of 16 years while those favoring remaining in the EU have an average life expectancy of 69 years remaining. Younger folks tend to take a longer-range view.
I believe that Britain will rue the day they took this vote. Already, several major manufacturers are discussing relocating to the continent (with the expected lay-offs in Britain) and several large corporations are making noises of relocating their corporate headquarters. Currently, Britain has the lowest unemployment rate (55) in the EU - this is expected to change over the next few years (upward).
We can only speculate the long term consequences of this vote, but it is not expected to be good.
