Apparently, he's using Caixin Global to push this piece of demoralizing concern-trolling:

In other words, while there has been no destruction of physical capital in the pandemic, the risk of damage to human capital is significant. At a time when unemployment in the U.S. is on course to reach 25% and higher, this is a serious concern.

Historical evidence of the negative effects of unemployment on human capital is extensive. My Berkeley colleague Jesse Rothstein has documented their prevalence following the Great Recession. My teacher Nick Crafts, now at the University of Warwick, analyzed their ubiquity during the Great Depression. In part, these effects reflect the frictions that arise when a worker’s attachment to a firm is broken. Firm-specific skills have no value when the firm that uses them goes out of business. Even when a worker’s skill set is more widely applicable, finding a suitable match with another employer may take time. This suggests that the U.S. is more at risk of squandering human capital than European countries, where governments are pursuing ambitious policies to preserve employer-employee relationships.

Unemployment and hardship can also lead to demoralization, depression, and other psychological traumas, lowering affected individuals’ productivity and attractiveness to employers. We saw this in the 1930s, not just in declining rates of labor force participation but also in rising rates of suicide and falling rates of marriage. Here, too, one worries especially about the U.S., given its relatively limited safety net, its opioid crisis, and its “deaths of despair.”

Sadly, he doesn't seem to hold much faith in his fellow Americans, so instead he tries "prepping" them for disappointment and gloom.

As opposed to Trump's much more optimistic and upbeat outlook.