“In the decades after a pandemic, real wages in Europe (for which there is the best continuous data) invariably increase ... These gains are at the expense of capital; shareholders should brace for lower returns than they had been anticipating.” https://www.bloomberg.com/opinion/articles/2020-04-05/when-plagues-pass-labor-gets-the-upper-hand">https://www.bloomberg.com/opinion/a...
This was also true of the 1918 influenza. Cities that were hit harder saw wages go up more. https://www.stlouisfed.org/~/media/files/pdfs/community-development/research-reports/pandemic_flu_report.pdf">https://www.stlouisfed.org/~/media/f...
Demand for Amazon groceries from consumers is 50 times higher than normal, but warehouse attendance by Amazon workers has fallen by as much as 30%. https://www.nytimes.com/2020/04/05/technology/coronavirus-amazon-workers.html">https://www.nytimes.com/2020/04/0...