I have come the conclusion that kids have basically gone from asset to liability over the last century. And even if they may not express it in these terms or have hard numbers to back it up, people know this intuitively. In the 1920s there was no social security so having kids to take care of you in your old days was a must, expectations were somewhat low. You could get a lot of kids because making them all share one…
>kids have basically gone from asset to liability Peter Zeihan said the same thing. we need kids when the majority of society works on farms. today's kids are more expensive and less helpful. China is following the same path as the Asian Tigers (Taiwan, South Korea...etc.) and Japan as the Chinese got more wealth. Chinese are unwilling to have more kids plus the One Child policy works too well.
China Tries To Censor Data About Nearly 1 Billion People in Poverty
In his article for the business outlet Yicai, Li cited data from a 2021 research paper by the China Institute of Income Distribution at Beijing Normal University, which placed the number of people living on less than 2,000 yuan ($300) a month at 964 million, or nearly 70 percent of the population.
https://www.newsweek.com/china-article-censorship-1-billion-...