No, their debts will spiral and their ability to get any sort of loan for "retraining" will plummet, if they're in the U.S., that is. American households averag

No, their debts will spiral and their ability to get any sort of loan for "retraining" will plummet, if they're in the U.S., that is. American households average something like $10,000 credit card debt these days. Unemployment compensation pays 2/3 or 3/4 what they had been earning. Hence their bills pile up and, with bad credit, they can't get "retraining." They're hosed.