[DuskStar]

Losing 3% of Americans, spread equally throughout the population, would be bad for the economy. Losing 20% of retirees, though... That would be fantastic for the US economy.

And guess what? Covid-19 kills mostly retirees.

So no, they probably wouldn't be losing their job in that scenario, unless of course their job is to take care of the old in some way.

[rsgalloway]

Yes, and the assets passed down to the next generation would also be spent, thus further improving the economy.