The market doesn't care about suppliers and jobs going out of business (actually more cynically the market encourages efficiency, and useless suppliers are inef

The market doesn't care about suppliers and jobs going out of business (actually more cynically the market encourages efficiency, and useless suppliers are inefficient). Sometimes places try to legislate make-work jobs into existence, using laws to create jobs where none are actually needed. There's famous a milton friedman anecdote: > Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.” --- Other policies might protect the workers by providing baseline resources (UBI or services), or job retraining. There are all sorts of interesting discussions along these lines. Similar things have happened in the past, so we do have some idea of the devastation it causes.