...because this doesn't directly affect me in any discernible way.
I bet you all feel so much better now.
What about those of us entering the job market soon who will get paid 10% less, overall, for the rest of our lives? It's well documented that entering the job market after college with high unemployment just shoves a stick up your career's ass. It's sort of a compiling effect, you take jobs that are less than ideal, setting you up for a less impressive resume, if you can even get a job, for the next forty years.
It isn't so bad..... I can always beg my parents for money to pay rent when unemployment hits 10%!