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This is the paradox of the child in modern society. In terms of across the board consumption, there is nothing as productive as a modern child. Clothes, consumable goods, travel sports, recreations, hobbies, and diversions all lead straight to the consumption that is so vital to our economy. And yet, with sicknesses, evening activities, and other problems, there is nothing that disrupts an individual worker's productivity as a child. I'm not sure I am smart enough to come up with an equation, but, it's in there somewhere to tell us whether a child is a net positive or negative influence on our Economy than the other. |
The best economics can only tell you how to convert value into different units. It can't tell you what value is.