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From an American perspective, I have always thought of it in terms of votes. Those are future voters, especially for the party that encourage them to immigrate.

It’s also the delay loop. If today I magically encourage people to have children, it’s 19 years until they hit 18, and probably another 5 until they are on average net productive. Also change doesn’t happen that quickly, so really a concerted effort today will maybe pay off in 25 years time.

Fair enough, but a sensible thing would be to do both.

Fully agree with you.

But unfortunately, it takes a whole generation before childcare measures pay off.