Too little babies are born for the economy!

in LeoFinance3 days ago

2,1 kids per family

To keep the world population at break-even on average 2,1 kids per family should be born with our current average age length.

Currently, worldwide the population is still growing because of countries like India and Nigeria that have a positive growth rate of the population. But the trend is in decline. Most Western countries are below the 2,1 average. And some are even losing population despite having positive migration. Like China and South-Korea.

Economic disaster

Never ever in the history of mankind have we seen a negative growth in population before. And this will create enormous economic difficulties. Social security and pension payments become unsustainable. Because the working population pays for the social security and pensions of those that don’t work or those that are retired.

Two options are possible:

First, we massively promote “breading”, but the economic situation is not ideal for that. Wages are too low, house prices are too high…

Second, we find a solution for alternative financing of the pensions and social security. Money printing? More taxation? Different taxation?…

The solution won’t be simple!

Sincerely,

Pele23

Posted Using INLEO

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AI and Robots will ease that productivity problem imo and people will work longer. Mankind will find solutions that will work.

That's also where my mind went to after reading the post, AI and robots could fill most of the gaps created by this population problem.

I don’t see people work until 75, that’s just nuts

In Japan thats normal for many elder people. 🤷🏼‍♂️

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Oh my.. that's bad. I didn't realize it was so bad. Personally, I have 2 kids, then i got the surgery.