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There’s a really fundamental socio-economic change that nobody has touched upon here yet, as it’s such a slow one with such inertia it’s barely noticeable from the ground. Having children used to be a profitable enterprise. You’d get married, bang them out one after another, hope that a decent number survived, raised them cheaply, and put them to work as soon as they were able. Once, and if, they were grown, they would then be part of your family enterprise, be it subsistence farming, cobbling, scrivening, or lording, and would add value. Now, having a child is a definite cost centre for the individual, for the family. As healthcare, industry, and the idea of the nuclear family and the individual have developed over the last several centuries, birth rates have declined rather precipitously - if you are 40, you probably have one child, one sibling, at least two uncles or aunts per family side, and your grandparents probably have six siblings each. You can see this process happening at various stages, in various parts of the world. It’s universal. This is a long term trend, and it has been on the trajectory to where we are now for a long while. It isn’t terribly problematic, to my view, as it hasn’t been previously. Yes, it leaves an eldercare labour and pension gap, but if other trends in industrialisation and the decoupling of human effort from realised value continue, this will fill said gap. |
> Now, having a child is a definite cost centre for the individual, for the family.
I get what you're saying, but I mean nowadays it's not like they grow up as a purely sunk cost... A fairly-average-in-all-industrious-matters child will get a job and make an income, and there's a good chance the child will produce more than the input cost. It's up to the family if they're going to share that total wealth with each other though.
In fact, compared to before, there might be even more opportunities for children to increase that "return on investment", if you really want to think that way.