The UK's Coronavirus Job Retention Scheme (where people are put on furlough and the government contributes to wages) seems to have damped the creative destruction usually seen in recessions. To use a basic example, assuming there will be more remote work in the future compared to pre-COVID times, there will likely be fewer people who commute and fewer people who buy sandwiches at Pret.

Perhaps a better solution is to make furlough portable, so that workers can read the writing on the wall and be part of the reallocation we are soon to see. [1]

[1] https://blogs.lse.ac.uk/covid19/2020/11/05/making-furlough-p...