Slightly related...i can't remember if I linked to it but there was an interesting tweet about how maintaining payroll isn't as effective as UBI because the economy won't be the same on the bounce. Like a lot of business (and industries) will likely stay smaller and probably should be smaller.
yeah, there's a genuine argument to be made that having companies keep everyone on payroll prevents the creative destruction held up as one of the cardinal virtues of american capitalism and renders the economy less efficient.
i'm far more persuaded by argument that this is already an enormously disruptive one-off event and our priority should be holding things together as best we can. the economy can, and no doubt would, rationalize afterwards at a slower and less socially disruptive pace.
