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To let unemployment surge under the cover of allowing the economy to adjust naturally to the "new normal" would be intellectually dishonest and economically dangerous. We won't know what jobs are viable post-Covid until we're actually post-Covid. https://www.ft.com/content/f3166a5d-9d4a-4479-bac5-a2769885c7b4
Meanwhile there aren't enough new jobs for people to "reallocate" into.
Boris Johnson promised us a New Deal in June, so how about taking a leaf from FDR and creating hundreds of thousands of new jobs? The UK economy clearly needs more care workers, nurses, teachers, teaching assistants & others to cope with the future anyway. https://www.kingsfund.org.uk/sites/default/files/2018-11/The%20health%20care%20workforce%20in%20England.pdf
On social care, we need 180,000 more staff just to restore the carers to over-70s ratio from 2014. Resolution Foundation says it would cost £5bn to create this many jobs, paid at the real living wage.
Meanwhile our teacher-to-pupil ratios, a mark of our investment in the next generation, are dire compared to our peers. https://data.oecd.org/teachers/students-per-teaching-staff.htm
