Well putting it another way, labor market always stabilizes, and it's only the last few decades labor didn't raise with demand (at least in the U.S.). But inevitably people find work or create work, the speed of which could be days or it can be decades depending on a ton of factors that won't fit in a one off explanation on Lemmy (especially given how much people don't like hearing what I have to say, regardless of my own training in policy lol).

But to explain at least a little nuance, people in jobs with low entry requirements often do change industry and people with training or education sometimes do. Tech companies gave us a great example recently with massive layoffs. Reports are still out but it seems like many of them just found more work or made start ups. It was kind of interesting that some left tech, but it's a high paying job and even outside of layoffs, there's a concept that if you want a raise, you change jobs because there's always someone looking for programmers.

My wife actually ended up in localization, which is slightly different from translation but has room to go up (which she did). Same industry. Not going to dox her, of course, but she managed to get work within a week and has a weirdly high success rate even if the industry still grossly underpays everyone (gaming is a passion field). Bilingual skill is not easy to train, so she was valuable-- she just didn't know it when she was just doing contact based translation work.

Ugh, and there's another long winded explanation I meant to avoid, haha. Look, I don't worry too much about it if you're American (or Western European). If you guys want to get upset about something, it can and will harm the jobs that were outsourced decades ago. Translation for instance is big in Eastern Europe (e.g. Romania) and automation easily removes those jobs.