The impact on jobs and the economy is temporary, not permanent. Also the numbers used aren’t even close to correct. The question would be much more accurately stated: “Should tens of millions of people experience a temporary loss of income — for perhaps a few months — so that a few million people’s lives will be saved?”
That is a bit closer to the mark in terms of tradeoffs. As to whether that is “just” or not, I suppose it comes down to the morality you are operating on — whether temporary economic suffering somehow trumps careless and avoidable death in your worldview. In reality, the economic impact of COVID-19 is much worse because we have structured our society to funnel all the wealth to a few people, while leaving the majority of the working population in debt and without much savings or assets. So the bigger question really is:
“Is it just that tens of millions of millions of people are so vulnerable to COVID-19’s economic impacts, mainly because a few thousands have accumulated all the wealth in society?”
My 2 cents.
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