This is exactly why social safety nets are limited in the US. A social safety net drives up wages. Workers no longer rely upon a job to the degree they did before.
So it raises wages and raises taxes, which raise cost for everyone else. It forces managers to actually pay a living wage and take care of employees, which hurts them because they can't treat people like shit to get good numbers to show their managers.
Australians love cafe culture and 6 months ago, if you opened a cafe in the Sydney CBD and if you could make good fast coffee, you'd have a great trade with good revenue to match. But now, those small business owners are going to lose business and homes.
And a lot of workers may come back, but they won't stay.
It's really really bad because we don't have a lot of industries that have openings that can just absorb new hires. Industry doesn't train up people any more, maybe that trend will revert but I really worry for a bubble of people in my community that may loose out and never get a strong footing back.
I have such options, exercised them a few years ago when I was 'done' with a particular industry and I wanted to change (networking to web dev, I'm so much happier with my work now), but my ability to do so was largely because the job I had done was a pretty good job pay wise (so I could save) / I received a severance, etc. The jobs that are getting shutdown are different / the people I suspect have fewer options.... at least in the US.