Dr. Tom McDonnell:

Absolutely. If people have a certain percentage of their income for the next six months - it could be close to 100%, as is the case in some countries - that means people do not panic on day one. They are not terrified. They can take the time to find the best job for them. They might even have time to go back into education. They can also maintain their standard of living. It also protects other jobs in a local area, such as those in coffee shops and places like that, because people are not going to withdraw. If a person loses 50% or 80% of their income, they are going stop spending on non-essential items. If a person is able to hold onto most of their income, it prevents the cascade or the earthquake from expanding to other sectors of the economy. Job losses will be regionally specific to where these plants are. They will not happen across the economy. Adult education is something we need to focus on. It is also something that we do not do very well in this country.