The damage from this is just getting started, we're already in recession, and the stock market is setting all-time highs. It's a bit bizarre.
Most people on unemployment are laid off. They are not applying for new jobs because they assume that they will have a job to go back to shortly.
These people are also dealing with the clusterfuck surrounding schooling & childcare. From what I've seen, it's close to impossible to get your younger child back into childcare. The older ones taking remote classes in school require a good deal of adult attention.
I don't think a lot of people would change jobs even for a big raise because things are so hectic right now. Even people here on HN are struggling to balance their lives, and these are people who earn good wages and have a lot of flexibility with their schedule.
The stock market is setting new highs in anticipation of a renaissance in worker efficiency and business margins.
If living poverty makes people more industrious, then people who grew up in poverty should have better outcomes than people who never have.
And that's pretty well proven to by false. In fact, there's a name for all of the negative effects of living in poverty that perpetuate a life in poverty: the cycle of poverty.