3 ms·

If large industries will cease to exist it will cause big rise in unemployment. This will for sure affect lower and middle classes

• tonyedgecombe 5y ago
  Not necessarily. It might mean people just shift to different industries.
  • mthoms 5y ago
    Maybe. But even if true, the shift wouldn't be instantaneous. Hence, lots of lower-to-mid timeframe unemployment.
    • lamontcg 5y ago
      If we could put together a job retraining package and general middle-america bailout package together we could avoid that. But the Democratic constituency is isolated now geographically and across occupations so that they don't get any votes from something like that, and the Republicans will be happy to allow the pain to happen while preventing any support and milking the resentment. So yeah, that's probably what will happen because of our dysfunctional government, but by no means is that an economic certainty.