Yes, people who could and will quite literally starve to death, freeze/overheat, die from lack of meds, die from lack of dental care, die from complications related to stress, and so on. What are we going to do about it?
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I'm guessing... nothin
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That seems backwards but you do you
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borrow a few trillion at zero or negative rates. or just conjure it on a screen. support people till this is done, then Rebuild Everything. so long as you can restart economic expansion in a reasonable timeframe, it pays for itself.
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Will these jobs be faster to bounce back than 08 because once discretionary spend pops back up in 3 weeks, we'll rehire majority of these workers?
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Rising conflicts between the have and have-nots worsened by a tidal-wave of debt and non-debt obligations (pensions, healthcare, etc.) coming due. Financial markets rebounding from aggressive stimulus widens the wealth gap. How we handle this will test our resolve as a society.
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it's approaching great depression levels, but there's no way large scale relocation (which helps overall) could work here because moving from a place with 40% unemployment to one with 20% still means they can't find a job, with all the health and psychological risks that has
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