4 ms·
perhaps not rights to have a job in general but there is value in thinking about this at least at the national scale. people need income to pay taxes, they need
by denlekke 3y ago
perhaps not rights to have a job in general but there is value in thinking about this at least at the national scale. people need income to pay taxes, they need income to buy the stuff that other people sell. if all the people without jobs have to take their savings out of the banks then banks can't loan as much money and need to charge higher interest rates. etc etc
if 30% of the working population loses their jobs in a few months there will be real externalities impacting the 70% who still have them because they don't exist in a vacuum.
maybe everything will balance itself out without any intervention eventually but it feels to me like the rate of unprecedented financial ~events~ is only increasing and with greater risks requiring more intervention to prevent catatastrophe or large scale suffering
- RandomLensman 3y agoBig "if" on massive change within in months. Most businesses have very little change capacity.
- denlekke 3y agooops yeah, sounds absurd, i was falling asleep when i wrote it. p sure i was thinking about the first few months of covid lockdowns in the US as a comparison when i was writing the reply
- RandomLensman 3y agoFair enough. I guess some other things, e.g., an initial defensive reaction such as usage restrictions could come quite fast.
- alchemist1e9 3y agoIt will take years not months and I’m against any intervention. Redistribution and socialism inspired governments policies will just make things worse. Progress requires suffering, that the history of our species, that’s the nature of reality.