> when you kill a 1,000,000 plus people > resulting labor shortage
Alternatively when you kill a bunch of mostly retired and sick people, perhaps you increase unemployment (nurses and rest home workers freed up) and decrease spending (dead people don’t buy services or goods).
Besides, the total number affected is a very low percent of the population, which is less significant than other economic changes over the previous 20 years.
Without some deeper analysis, your cause and effect is purely hypothetical.
Alternatively when you kill a bunch of mostly retired and sick people, perhaps you increase unemployment (nurses and rest home workers freed up) and decrease spending (dead people don’t buy services or goods).
Besides, the total number affected is a very low percent of the population, which is less significant than other economic changes over the previous 20 years.
Without some deeper analysis, your cause and effect is purely hypothetical.