this post was submitted on 02 Jul 2023
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But it's also the low wage earners that is most likely to lose their job because of supply and demand.
Depends more on the industry. Higher income is usually more affected by recessions.
No idea what would happen and reality is messy.
But hypothetically these people who can afford to give up their jobs (aforementioned list) are hogging up low and middle income jobs (admin at the GP clinic / law firm) for ”fun” money, so there would be more easy/entry level jobs available for low skilled workers.
On the upper end, soon-to-be-retirees who are currently managers could make the jump so everyone below them gets to move up the ladder making entry level positions available.
I’m not sure how you could incentivise this though.