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I generally agree except for this statement:

And some of that 20% probably has adequate savings and is little effected by the turmoil (beyond stay at home, work at home and social distancing).

They almost certainly do not. Certainly not to go for 4-8 weeks without a paycheck. I read a while back that a $400 unexpected expense could break 1/3 of American workers. They are paycheck-to-paycheck. They cannot afford to be out of work.

I'm among the 80%, though technically on disability leave I am WFH anyway. I could cover that expense pretty easily. The 20% are probably wait staff at restaurants and such, and I suspect a large overlap between those sorts of jobs and the people who can't afford a $400 unexpected expense.
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