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Global fertility has collapsed, with profound economic consequences

economist.com

241–250 of 273 posts

Re: Global fertility has collapsed, with profound economic consequences

#241
post #175

Earlier quoted context omitted.

Unless Japan's birthrate picks up, its population is slated to fall by a lot more than 2% from its peak. Try 50% or more. A birthrate below 2.1 children per woman leads to extinction.

This is true, Japan's population pyramid [1] looks way more dire that Russia's [2]. Russia's does seem to suggest shrinkage after the big generation born in the 80's passes away, but oscillation afterwards. Japan's is an inverted pyramid. [1]: https://en.wikipedia.org/wiki/Demographics_of_Japan#/media/F... [2]: https://upload.wikimedia.org/wikipedia/commons/e/e8/Russian_...

[deleted]

Re: Global fertility has collapsed, with profound economic consequences

#242

As the article points out, having a choice, and not being pressured by society into having kids one doesn't want, certainly is a good thing. On the other hand, as the article notes: > [...] cannot afford to have more children, or because of other policy failures, such as housing shortages [...] the financial aspect is a huge blocker for those who want to have children. We live in a world where the majority of young p…

> This policy and societal failure of squeezing every bit of wealth out of the new generation and not giving them anything will eventually drain cities of young people and those cities will be left behind as times change with the newer generations. The cities will miss out on culture, societal change, modernity, eventually of sheer people. See San Francisco, New York, Seoul, etc. It doesn't seem like countries are treating this as the problem it is and I fear for the future of all these currently-popular cities.

Or.. we will have smaller populations. It's difficult to cite new cities. The US ostensibly has a lot of land area to make new cities - but if you get into the details there are a variety of reasons that the existing cities are where they are (including wildfire/water risks).

Re: Global fertility has collapsed, with profound economic consequences

#243
post #133

There are quite a few comments here about "you need money to raise kids". There are similar statements made about housing size, cost, etc. and those end up on "but you don't need 8,000 sq ft to live!" These are, frankly IMHO, bizarre arguments that seem conditioned on socio-commercial training along the lines of "you need a diamond to propose!". Absolutely none of these are true: - People had sex and stable relations…

> I have loads of family in South Korea, a country in near terminal population decline, and the reason I've always heard is "it's expensive to raise a child". But the real reason is, it's expensive to train a child to get into a top-3 university. Raising a child to adulthood is possible even in abject poverty. Isn't the fact that mothers are expected to drop their career and 100% focus on their children also a factor…

And incomes wouldn't have stagnated if we hadn't doubled the workforce by telling women they would actually be happier if the didn't have kids but instead had a career.

Re: Global fertility has collapsed, with profound economic consequences

#244
post #145
post #133

There are quite a few comments here about "you need money to raise kids". There are similar statements made about housing size, cost, etc. and those end up on "but you don't need 8,000 sq ft to live!" These are, frankly IMHO, bizarre arguments that seem conditioned on socio-commercial training along the lines of "you need a diamond to propose!". Absolutely none of these are true: - People had sex and stable relations…

> are fundamentally dishonest about what our problems are It's more like, we make up excuses because we don't know our real motives or don't want to outright say we dont want kids because it's societally unacceptable. I believe statistics show there is a rise in childlessness , but people having kids have on average the same kids as a few decades ago.

The number of extremely rude comments my wife has received for having more than the acceptable 2 is disgusting.

Re: Global fertility has collapsed, with profound economic consequences

#245

As the article points out, having a choice, and not being pressured by society into having kids one doesn't want, certainly is a good thing. On the other hand, as the article notes: > [...] cannot afford to have more children, or because of other policy failures, such as housing shortages [...] the financial aspect is a huge blocker for those who want to have children. We live in a world where the majority of young p…

I don’t buy the hypothesis that it’s simply lack of means driving the lack of fertility. Poorer countries and poorer times both came hand in hand with higher fertility than we see today. My hypothesis isn’t that it’s not affordable, it’s that people don’t stand to personally benefit from having kids, and birth control is available, so they don’t. If you‘re willing to tolerate any quality of life, well you might just…

what are you talking about?

Re: Global fertility has collapsed, with profound economic consequences

#246

As the article points out, having a choice, and not being pressured by society into having kids one doesn't want, certainly is a good thing. On the other hand, as the article notes: > [...] cannot afford to have more children, or because of other policy failures, such as housing shortages [...] the financial aspect is a huge blocker for those who want to have children. We live in a world where the majority of young p…

To me all this just sounds like price mechanisms are working and overpopulation is a self correcting problem. As labor grows scarce over time automation will take over. We all know society is an enormously complex system, yet we spend hours upon hours of our limited waking lives fretting about things we can't possibly, as individuals, understand or change.

Re: Global fertility has collapsed, with profound economic consequences

#247
post #60

Earlier quoted context omitted.

Exactly that, it can very quickly snowball and then you just don't need as many buildings anymore. Or look at it this way: https://www.pewresearch.org/hispanic/2020/08/20/facts-on-u-s... > There were a record 44.8 million immigrants living in the U.S. in 2018, making up 13.7% of the nation’s population. If the USA was net neutral on immigration (as many people entered as left), the birth rate would be too low, there…

This is a very important point that gets almost no discussion. Two classic "liberal" policy objectives, immigration and affordable housing, are at war with each other. This is not an "own the libs" comment. Both policy objectives can be morally right, and still work badly with each other. Immigration makes it much harder to fix affordable housing. That's just reality. It seems to be completely ignored by politicians,…

There is a simple solution to fix unaffordable housing that is effective regardless of immigration levels. And that's to allow more housing to be built by relaxing zoning restrictions.

Support for both immigration and zoning reform are in no way incompatible.

Re: Global fertility has collapsed, with profound economic consequences

#248

Perhaps, instead, we can see this as a good thing and plan a graceful way back to a more sustainable population over the course of a century. Just yesterday yet another in a long line of reports talked about how humanity has not just bent but likely broken many of the Earth's ecological boundaries that humans and non-humans alike depend upon. We've known this for decades -- mountains upon mountains of studies in ecol…

Do you have a concrete proposal for such a "graceful descent"?

Re: Global fertility has collapsed, with profound economic consequences

#249

Earlier quoted context omitted.

In one of the world's sunniest and most remote cities, next to a gorgeous coastline with fabulous beaches, world class surf and a very outdoor culture . . . > The total fertility rate in Greater Perth dipped from 1.76 in 2018 to 1.66 in 2021, spot on the national average. https://www.watoday.com.au/national/western-australia/baby-d...

yeah but you guys don't know how to dance.

Italy and Spain are everything you describe but have some of the world's worst TFR at 1.3 and 1.38 respectively.

Re: Global fertility has collapsed, with profound economic consequences

#250
post #232

As the article points out, having a choice, and not being pressured by society into having kids one doesn't want, certainly is a good thing. On the other hand, as the article notes: > [...] cannot afford to have more children, or because of other policy failures, such as housing shortages [...] the financial aspect is a huge blocker for those who want to have children. We live in a world where the majority of young p…

Affordability is a factor, but also one of several. Affordability, among other issues, certainly would lead some couples to decide to have fewer children than they otherwise might (1 instead of 2, or 2 instead of 3). Besides affordability, more recent generations focusing more on career, quality of life, freedom, overall thrill- and experience-seeking, has led people to make lifestyle choices that do not involve chil…

I think that as the number of choices and opportunities in life go up, the opportunity cost of giving up a portion of this naturally increases. You might end up with "more" overall than past generations even after having kids, but loss aversion makes you feel the part you're giving up more keenly which steers some people away.

It's the same reason some people can't just relax and turn off. We're able to be so efficient/productive now, 30 minutes "wasted" costs a lot more now than it did in 1990 or earlier.

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