Is the Decline in the Birth Rate a Coming Disaster
It is widely known fertility rates have declined to below the replacement rate. There are groups with vested political and economic interests who hype this as a terrible thing and say send us money to stop this. Only occasionally does one come across a balanced view of the seemingly inevitable decline in the world population. One appeared recently in The Atlantic but I'm unable to link it. We all know the dilemma of fewer births. More old people drawing Social Security and money for healthcare and fewer young people paying in. No let up in the need for "blue collar" workers but fewer workers. Salaries/costs will rise. The article reaches the same conclusion I have mentioned here many times. What we call the standard of living may well fall, the article guesstimates 10%. On the other hand, there will be some offsetting benefits. Less traffic, shorter line and smaller crowds. Natural resources will last longer and the severe impacts of climate change will be less. Part of...