And government tends to not do broad social policy well. They are stuck with "one size fits all" solutions out of necessity. And the more granular those polices get, the more byzantine the rules get. Plus by the time there is wide social approval to do something, the moment has passed and the world is now worse off.

Shuttering whole industries quickly, (a generation or less time frame), is how you create a huge population of "angry refugees" without homes or jobs as they try to move to other places to try and not starve. This seldom works out well for anyone.

The tried and true methods humanity has historically used to solve social upheaval are: Starvation and death where you are at. Moving to new lands that have few to no one else living there. War to eliminate surplus populations.

Since no one wants to starve where they are and there are currently no new lands to settle, my money at this moment is on War. It will, unfortunately, solve a lot of current issues caused by excess populations - at least for a while.