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by badloginagain
1156 days ago
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Peter Zeihan's take is that urbanization leads to less children because there's less space, you don't need the free labor kids provides on the farm, and children are very expensive in the city. This is coupled with the speed of urbanization for countries that industrialized after the second world war- the later you industrialize, the faster that industrialization happens, the more stark the transition to a childless economy. As mentioned in the article, there is a demographic boon for that industrialized generation. Less money needed for schools, etc, more time your prime working age adults can contribute to the economy. Except all those countries industrialized around the same generation. That generation is aging out of the workforce and there's nothing to replace them. Zeihan posits this leads to demographic collapse, and that these countries just simply "go away" because there isn't enough children to keep the country functioning. I'm not sure how much I believe that, but I do know that nobody has a clue how to fix it. Japan has been front and center for this problem and still haven't found a way to reverse the trend. |
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Now how do we pay for all that? Dunno. That question is above my pay grade, but I think we'd undoubtedly have to cut spending on other priorities and raise taxes. I think that'd probably be worth it to claw out of a demographic decline.