| > People attribute it to empowerment of women, but I wonder if it's more correlation than causation. Before going to far down the rabbit hole, have a look at the fertility rate of TSMC employees. TSMC employees make up 0.3% of Taiwan’s population, they are responsible for 1.8% of all babies born in Taiwan. [0] The average TSMC woman is highly educated and highly paid, which eliminates most of the usual reasons touted for low the fertility rates in OECD nations. "All" TSMC does is make it possible for their female employees to have a career and raise a family, mostly by providing child care in-house and flexible working hours. To pull that off TSMC must have a culture than prioritizes families and child raising over profit. In most industries with not be possible. Either their higher costs would lead to them being eaten alive by their competitors, or bought out by PE because their employees could be squeezed to pay out more profit to their owners. There isn't going to be a rash of companies with TSMC style family policies breaking out any time soon. But a government policy could made it happen, which is another way of saying if a society or country decided they didn't want to wither away to nothing because of low birth rates, it could be done. They could mandate every company adopts TSMC style policies, or they could raise taxes and provide free child care (like they do for education), or more likely some mix that has the same effect. Everyone would have to be willing to be a bit poorer of course, because you are forcing people to spend less on fast cars and big houses, and more of child care. But does seem like it could be done, so if South Korea (or any of the OECD) had the will, there is a way. [0] https://www.boomcampaign.org/p/on-the-higher-fertility-of-se... |
So the problem is really capitalism run rampant.