[tr_user]

You don't even need to quit to see the effects of this. As people become poorer, demand is going to drop. Only so much blood you can squeeze out

[toomuchtodo]

I agree mostly, but disagree about demand dropping, as this is industry specific. With regards to teachers, students and families will simply be stuck with whatever resources can be provided (in the citations I provide above, some parents are unhappy with a 4 day school week, but if taxpayers don't want to pay more for a mandated service, too bad so sad, you get what you get). Speaking of police protection, you will get degraded services or no services. Most critically, if there are not enough nurses, CNAs, and other medical practitioners, care delivery will degrade and people will potentially die. These are all services and systems with mostly inelastic demand. Where demand is elastic, there is more flexibility in the feedback loop. Labor is not fungible, so expect this to continue in a lumpy fashion for at least the next decade.