A collapse in wages seems unreasonable. Wages are almost always sticky and so wages will go down at most at the rate of inflation. Also this line: > Compensat

A collapse in wages seems unreasonable. Wages are almost always sticky and so wages will go down at most at the rate of inflation. Also this line: > Compensation appears to be proportional to the level of sacrifice Is a doozy and not at all how modern economies work. I do agree with the general sentiment though. The mechanisms controlling supply and demand of SDEs are not well understood and it is much easier to imagine a shock to SDE supply/demand than doctor supply/demand or lawyer supply/demand. That being said, this would result in a reduction of employment rather than a reduction of wages for those lucky enough to continue being employed.