Part 5/8:
As large segments of the population become jobless, their spending power will decline, resulting in recessionary pressures on the economy. Governments will face mounting pressure to expand social safety nets, including the possibility of implementing universal basic income (UBI). The resulting economic picture could echo the Great Depression, characterized by mass unemployment and reduced consumer demand. Historical parallels, such as the swift financial responses to the COVID-19 pandemic, provide insight into the potential for governments to learn from past crises and mitigate negative impacts.