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by hectorchu
405 days ago
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This post argues that collapsing birth rates aren’t just about housing or money — they’re a rational response to the sense that the future is unstable, meaningless, or even dangerous. It introduces the concept of “temporal inflation” — the idea that just like money loses value in hyperinflation, time loses value when people can’t trust the future. Would love to hear if this resonates with others. |
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This is what you're missing. They are not.
When the Titanic hit the iceberg, you could have gone from 0 people bailing water on the ship with buckets to the whole complement of crew and passengers (if you had enough buckets). You could talk about how there's now thousands of gallons of water being bailed out of the ship per minute. Without the context of the actual cause it would sure sound like a lot of water, like a meaningful attempt. But the Titanic would still sink.
In the last 100 years, we went requiring 1 income to support a household to 2 incomes to support a household. Everyone acted rationally, but its a very large scale prisoner's dilemma. Women wanted economic freedom and the economy was happy for more labor. There was no accounting for the labor women had already been doing. And so dual income households, at every level, pushed up the prices of everything that can't come out of factory in China. Even at the scale of ~300k individual incomes, a second person bringing in 100k-200k makes a noticeable difference, right? So for 99% of the population, dual income for some # of years, just til we buy our first house, just need a new car, well you get used to the standard of living dual income provides... and houses are more expensive now... jobs less secure... and you'd have to see online what you'd be missing out on...
Well, we took the "slack" out of the system and sold it. Without really being aware of its value.
And now governments, like those of Korea and Singapore, are trying to buy it back, but they haven't _really_ grappled with the scale of debt that was incurred, because it wasn't on any balance sheet.