Comment by sedan_baklazhan
15 hours ago
I’m theoretically wondering what will happen to a country like USA when unemployment hits, say, 25%.
15 hours ago
I’m theoretically wondering what will happen to a country like USA when unemployment hits, say, 25%.
The hungry needs to eat. If majority are hungry and everything is concentrated in a small group of people, they’ll eat them. Has happened before with lower than 25% rate.
Right. And this unemployment will also cascade, because small businesses will go bankrupt after loosing their customers.
Right now, a hiccup in Chinese production of a certain IC may make buying toilet paper harder in Germany! It’s naive to think that such drastic changes (mass unemployment) will not be extremely turbulent (to put it mildly).
1 reply →