Millions upon millions of "unemployed" (no job, no longer looking for a job, underemployed, temp, contractor) exist.
The unemployed buy nothing or far less than normal.
As a result, sales drop at retail stores.
The retail stores layoff (or fire, if you prefer) employees.
Unemployment rises.
The unemployed buy nothing or far less than normal.
Sales drop further at retail stores.
More stores close, forcing more layoffs (or firings, if you prefer).
The unemployed buy nothing or far less than normal.
And so it goes....
The other side of "the coin" is this.
The unemployed rely on state monetary support.
The unemployed rely on fed welfare programs.
Therefore, the unemployed depend on govt largesse.
The unemployed cause govt. to grow to support their increasing numbers.
Govt must collect more money to support growing welfare state.
Governments (both state and federal) must either raise taxes or borrow money.
"The Rich" begin to protect their assets (eg: move assets out of the country, or move physically to a lower tax area).
Govts borrows more money to "feed" the welfare system ruining its already damaged credit rating, for lenders know that neither the US nor many of the states therein cannot pay what it owes now much less meet its obligations in the future.
Meanwhile.....
The unemployed begin to default on debt (credit card, medical, and housing to name a few).
Lending institutions wind up with worthless "assets" on their books and dwindling cash reserves; they must cut overhead to remain solvent.
They then "lay off" (or fire if you prefer) employees.
This increases the unemployed.
The government falsifys the "unemployment" count by saying that 2.5 million jobs that have left the country no longer exist and therefore can no longer be counted.
The unemployed - ever increasing - buy nothing or far less than normal.
Factories manufacture less product causing factory closures; resulting in more unemployed.
The govt mounts a "spin" campaign damning "the rich" and demanding an increasing amount of money from them.
The unions join the campaign screaming for "workers rights" and raising the dues of the few employed members they have left; for they need money to retain their "lifestyles".
"The rich" protect their assets by moving them out of the country; shutting down factories, and physically moving to lower tax areas.
Need more???
Read "Atlas Shrugged" if you've not already. Enjoy the story....but look for the lessons.
Your biggest fear is this - in answer to the question, "Who is John Galt?"
There isn't one - we're on our own.
“The unemployed buy nothing or far less than normal. “
I’m glad you repeated that several times. Its a fact a lot of people apparently ignore or don’t factor in.