Not to be morbid, but dead people don't consume, either. You are right that they are no longer in the labor pool, but they are also no longer in the consumer po

Not to be morbid, but dead people don't consume, either. You are right that they are no longer in the labor pool, but they are also no longer in the consumer pool. Given that Covid disproportionately kills elderly people, who are out of the labor pool but still consuming, I would think their deaths would cause a greater reduction in consumer demand than in labor supply.