[Mick]

China's formal safety net is not as strong as the US's and the family safety net is not as strong as it used to be.

If China had let the virus run the way the US has, the disruption would have been much worse than in the US.  The US come on strong initially with its supplemental safety net, but is planning to do very little for the intermediate- or long-term unemployed.  What is the plan for the many millions of people whose jobs will not come back in the next 12 months, let alone the next six months?

Oh I know this answer.  The plan for the many millions of people who are out of work is the same answer as to how professional service firms elect junior people to partner.  I actually said this to a partner panel once

"Here's how we elect people partner.  We take all the non-partners, and we put them on a boat.  After about an hour we're in the middle of the Monterey Bay.  We march them all to the back of the boat and kick them off the back of the boat.  The ones who make it to shore...those become partners.  All the rest fend for themselves."

In other words, not only is there no plan, but the Elites don't really give a collective sxxt.  Not the Rich Elite, the Government Elite, the Liberal Elite, the Conservative Elite, or the Media Elite.  No one cares, not really.  Which is why it was so easy to throw millions out of work in the first place.

[Mick]

China's formal safety net is not as strong as the US's and the family safety net is not as strong as it used to be.

If China had let the virus run the way the US has, the disruption would have been much worse than in the US.  The US come on strong initially with its supplemental safety net, but is planning to do very little for the intermediate- or long-term unemployed.  What is the plan for the many millions of people whose jobs will not come back in the next 12 months, let alone the next six months?

Oh I know this answer.  The plan for the many millions of people who are out of work is the same answer as to how professional service firms elect junior people to partner.  I actually said this to a partner panel once

"Here's how we elect people partner.  We take all the non-partners, and we put them on a boat.  After about an hour we're in the middle of the Monterey Bay.  We march them all to the back of the boat and kick them off the back of the boat.  The ones who make it to shore...those become partners.  All the rest fend for themselves."

In other words, not only is there no plan, but the Elites don't really give a collective sxxt.  Not the Rich Elite, the Government Elite, the Liberal Elite, the Conservative Elite, or the Media Elite.  No one cares, not really.  Which is why it was so easy to throw millions out of work in the first place.