It may raise wages if there was limited pool of workers. But given today's world with massive migration and few import taxes, that may mitigate most of the hit.

It may raise wages if there was limited pool of workers. But given today's world with massive migration and few import taxes, that may mitigate most of the hit. Other change would be a drop in consumption. Similar to WFH, staying-at-home reduces a lot of purchases. And you got time to do a lot of things in-house instead of buying out in the market. Another thing what I noticed, there's what my wife and I call „mamonomics“. Stay-at-home moms running tiny grey-legal at-home operations. Orchestrating community events, helping neighbours with small services (e.g. making cakes, fixing clothes)... Otherwise good part of what goes in „mamonomics“ would be hired services.