Capitalist societies go through boom and bust cycles. People over extend themselves during growth phases thinking the good times will last forever, and when the crash happens end up in the **** financially. They then believe the bad times are the new normal and here to stay. The smart people live below their means and save and invest sensibly during the boom, understanding the next crash is always just a few years away and when it comes it's just a buying opportunity and make a fortune from the recovery.
This is a particularly nasty correction due to the nature of the pandemic, however the economic path to recovery will be the same as always. Yes CX might be about to take a chainsaw to your current contract, but my point is that predicting destruction lasting 15 years is simply nonsense.