Honest question. Not political, I just don’t understand.
Imagine there’s a town of 1k people and they all serve each other – hospital workers, food service, etc. Then all 1k people die. Now there is no shortage of nurses and restaurant staff because there’s no one using the hospital or restaurant.
Now I understand that isn’t exactly what happened when a million Americans died of Covid-19. And I suspect certain types of people died with higher frequency leaving particular industries with a shortage (ie those with public-facing essential workers.) But is it that hard to shift? Say all the grocery workers died and now there’s no one to buy furniture, and the furniture store goes out of business. Well, the furniture workers could go work at the grocery store.
Or is it more like, people who work in general died, and those who don’t work survived and still need services? Regardless of whether people can’t work (ie they’re disabiled) or won’t (ie their dad got them a non-working, high-paid “job” in management?)
Surely I’m missing something, I would just like to know what it is.
In: 3
Rich people don’t die as easy compared to poor people that have less money to pay for health.
This means, when any plague hits, it will hit the bottom workforce but not the high consumers.
So the factory stays open as the demand is still there, but there are less workers so the factory has to outcompete the other factories to retain enough workers.
This creates higher salaries.
The rich have to spend more for products and get less rich.
This decreases the demand and therefore rebalances the system.
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