[skewart]

> In some indistries, that means thousands of people without work, and hundreds of other companies in the supply chain going bankrupt, and even more people without work.

A popular counter-argument is that governments should plan to spend money on unemployment relief for individuals if it looks like a lot of big companies won’t make it. Let companies fail but cushion the blow for people affected.

[smaryjerry]

Unemployment relief is a temporary solution because people are usually single skilled. For example an airplane engineer doesn't easily get a new job in another industry.

[triceratops]

Wouldn't former AA employees find jobs in the new company formed by whoever bought up the assets formerly owned by AA? Why would they need to change industries? The need for airlines won't go away.