|
|
|
|
|
by waterlooman
1927 days ago
|
|
And if 28% population growth over 25 years results in insane housing affordability for younger generations, why are you still fine with that? I really don't understand this argument. You value total population growth and total economic growth over standard of living? Because with current trends it should be obscenely obvious that this approach isn't working. Population growth (at a much lower more sustainable rate) can be incentivized by literally paying people more money to have Children. And did it occur to you that perhaps our low birthrate has something to do with the increasing lack of opportunity to improve in this country? Finally, I am actually against the concept that the country must have constant population growth. Population growth comes in natural waves where some decades it will be high, and in others it will be low. The drop in birthrates many believe will cause a "sky to fall" scenario, which simply isn't true. It is parasitic to expect and demand constant population growth, especially at the cost of people's standard of living. |
|
Some countries tried this approach with mixed results.[1] Given that we're both worried about the debt-to-GDP (i.e. profligate deficit spending by the federal and some provincial governments) I think the budgets are better spent attracting immigrants with skills, education and in many cases capital assets they bring to the country rather than baby bonuses.
Quebec still pays a baby bonus[2] but a Stats Canada study[3] showed their fertility rate over four decades was only 1.59 vs. Ontario's 1.46 -- still well below a steady-state no-growth replacement rate of 2.1.
>>And did it occur to you that perhaps our low birthrate has something to do with the increasing lack of opportunity to improve in this country?
This plays a role, but a lot of economic thinking (rightly or wrongly) finds a strong correlation between how developed a country is and declining TFRs even when there is a boom period of economic growth and opportunity.[4][5][6]
[1] https://www.prb.org/low-fertility-countries-tfr/
[2] https://www.rrq.gouv.qc.ca/en/programmes/soutien_enfants/pai...
[3] https://www150.statcan.gc.ca/n1/pub/75-006-x/2018001/article...
[4] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4255510/
[5] https://www.un.org/en/development/desa/population/events/pdf...
[6] https://en.wikipedia.org/wiki/Income_and_fertility