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Most of those deaths probably had a positive or null effect, since they primarily occurred in the 65+ demographic. edit: It is interesting to contemplate the p
by johnNumen 4y ago
Most of those deaths probably had a positive or null effect, since they primarily occurred in the 65+ demographic.
edit: It is interesting to contemplate the possibility that the death of so many seniors exacerbated the inflation problem. That's a lot of assets that were previously tied up in retirement accounts and real estate that suddenly flowed into the hands of middle aged people.
- upsidesinclude 4y agoYou are on to something there. Additionally, if we had people sit down and think about the situation, we would have protected and isolated the elderly instead of the insipid and endless all or nothing crusade we were handed instead.
- rsfern 4y agoCurrent CDC estimate has 220k deaths among working age people (under 65). Maybe you’re not meaning to minimize that impact, but that’s sort of how your comment reads
- gmm1990 4y agoSeems callous and erroneous. Also ignoring increased morbidity and strain on the healthcare system. Plus that would have the opposite effect on inflation
- chiefalchemist 4y ago65+ and often at the lower end of economic scale (at least in the USA). I can't imagine that much flowed. E.g., housing prices would have feel as supply outpaced demand. For the non 65+ that died, that's a negative for the economy. Loss of productive years, etc.
- wombatpm 4y agoThere are also follow on effects. My Inlaws passed away over the last three years. It has been a huge time sink and blow to productivity this whole time. Long Covid among the survivors is the big unknown to productivity
- deleted 4y ago[deleted]