[advael]

That this analysis tries to claim this doesn't correlate to economic conditions only demonstrates that economics has failed. When we say "the economy recovered" we don't mean anything that's meaningful to people on the ground, making decisions like whether they can have a child, because for a long time it has been the policy of basically any official macroeconomic analysis to ignore distinctions between the "real economy" and the increasingly unwieldy labyrinth of financial instruments, from stocks to commodities futures to real estate prices - which dwarf it completely - and to ignore "distributional outcomes" and favor analysis of dry gestalts that, again, can be skewed by extreme levels of quantifiable prosperity for a vanishingly small number of people and firms. This approach means that as inequality increases, a "recovery" or really even "the economy" has less and less to do with the majority of people's real fortunes and stability improving - the economic conditions that actually affect birth rates

As the long con of neoliberal policy drags on, more and more phenomena in our society can be attributed to the interplay between Goodhart's law and the utter willful ignorance of it on the part of the people and institutions that measure outcomes and get to make policy decisions