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Reduction in population won't work - it'd cause a reduction in demand of products leading to reduction in need of work force. It would just spiral to a population of 0
I doubt they'd be smart enough to think about that, once it got into their heads that they have the opportunity to murder millions of people, which is Stephen "PeeWee Himmler" Miller's greatest fantasy.
Besides, even if they could be forced to consider that, they'd just rationalize it away by saying that as the bottom rungs of the ladder, they aren't consuming much anyway, and/or what good is their consumption if they just get all their money from the government to do it? The government might as well just give the money directly to the corporations, and bypass the middle man, leaving us free, and justified, to kill all those unemployed parasites.