Might-have-beens have no relevance to the ethics of the choices we make now. We are in the middle of a vast medico-economic experiment. It is bizarre to consider the ethics of only the medical side of the experiment, not the experiment as a whole.
If people start to starve because we stopped being able to produce food or people start dying of other causes because our basic infrastructure start collapsing, then you can start talking about ethical dilemmas.
I think its a safe bet that this is already happening on small scales. Noone is measuring the degree.
There may be images of long lines of unemployed people that have to get from the government or food banks, but the food is still there. Farmers are still producing, distribution networks are still working, essential services operating. That part of the economy is still going.