That would be fine for single people or couples without children and enough savings to relocate or live on whilst job hunting, but absolutely devastating for everyone else.
As if there weren’t enough uncertainty already…
I can speak from experience that in our pyramid scheme economy propped up by big government and big bank money printing it's extremely difficult to support a child if you're not part of the 'inside crowd' who has access to the easy money (cheap loans, investments and subsidies). It doesn't have to be that way though. But to expect total safety is immoral because it relies on some kind of financial scheme operating behind the scenes. You can't create any real value in this world without taking a risk. If you're not taking any risks, you're not creating any value. Nobody owes it to you to support your children; especially if it means that they themselves can't afford to support their own children by participating in the free market.