I think that the visible impact will also be different because it not only matters how many people suffer but what types of people suffer. When the bad stuff ha

I think that the visible impact will also be different because it not only matters how many people suffer but what types of people suffer. When the bad stuff happens to mostly disenfranchised poor people, they can (and will) push for change by e.g. protest votes for populists that promise to break the status quo and turn back time (and, to be clear, I'm not talking about the USA here - this is a global phenomenon), but that won't effectively advance their interests, as that simply can't be done even if the populists both get power and try to keep their promises. On the other hand, when/if the same suffering happens to "semi-elites" with social capital and connections, they will raise noise in media and try to use the government establishment to "do something", and while it also might be ineffective, at least the appearance of governments needing to take action and help the adjustment will be much more significant than for the blue collar troubles.