Will Japan's Population Death Spiral?
nothinghumanisalien.substack.com
nothinghumanisalien.substack.com
In 1850 you might have a few more kids, thinking they could farm more and through hard labor your family could break even on resources. Your family of 8 all shares a single bedroom and you only send the smartest kid to high school (begrudgingly).
In 2024 people are putting off children because they won’t be able to afford a nanny, because the price of globally-sourced instantly-available groceries are too high, or because they are feeling their life already has enough richness and direction. If I cared for my children in the way we used to during population explosion they would be taken by CPS.
The inflection point where our global population levels out will be Interesting Times, but I’m optimistic for the long term sustainable culture that may result.
Also 20 years from now, retirees are going to be the majority of the population. Since Korea is a democracy, this means that the government's priorities and budget are going to cater to them, not the 25 year olds trying to start a family. That means generous old age benefits funded by high taxes on working age people, making it all that much harder to afford a family, especially a large one.