https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
[0] https://tradingeconomics.com/united-states/gdp-growth-annual
[1] https://tradingeconomics.com/united-states/full-year-gdp-gro...
It's almost unheard of for a developed economy to consistently grow at 5%+. To get those sort of growth rates you need robust productivity increases fueled by technology and innovation, and productivity increases have been hard to come by recently.
You can find many countries for each of the permutations of fertility/gdp growth.
Fertility rate is downstream of culture, not economics.
Religious people even in the US have kids at a younger age and more of them. Even poor / middle class ones.
Cultural problems are nigh impossible to solve- especially by the government.
This is an interesting perspective on the left/right split. People on the left see economic problems (thus government can help), people on the right see cultural problems (thus government will not help).
Generalizing of course.
By "Otherwise", I will give the example of China and its social credit system that got people to stop spitting in the street by deducting social credit points.
Social credit system is not likely to work for as long as the opportunity costs of having kids outweighs whatever punishments the government hands out for not having kids. And in a modern market economy the opportunity cost of having a child is huge indeed.
Cultural change is hard. It is very hard. If it was easy, the USSR would have succeeded in creating the New Soviet Man instead of generations of super cynical people.
A social credit score only works in an authoritarian regime where you can be hauled off for even slightly criticizing the government. We certainly don't want to resort to anything like that for any problem, as the "solution" is worse.
"wanna get a bit more aggregate supply, how about letting women work, maybe even drive!?"
https://ourworldindata.org/grapher/children-per-woman-fertil...
Even if you were right about the cause of the problem, it is still a problem and the title just states the problem. You don't have to diagnose the cause to know that a population crash is a problem.
I've personally wanted to have kids for at least 15 years, but it seems like culturally I am on an island. It is very difficult to find a partner who is willing and able to have kids and also a good partner otherwise. I live in the US but I think all Western countries are basically like this now.
https://data-explorer.oecd.org/vis?df[ds]=DisseminateFinalDM...
There are places in the world with far more horrible economies than Greece that have no fertility rate problems. There are places elsewhere that have much better economies, and similar fertility rate problems. It's not economics, not even a little.
When you teach your youngest generation to not want to have children, not only do they take the lesson to heart, they teach it to whatever children they do end up having by accident or apathy. Instead of going away or even just lingering, it is self-reinforcing.
I don't think you understand the economic and quality of life decline experienced the generation that is now 30-40yo.
There may be places where worst economies, but the rate of changes counts as well. The middle and lower class were at least 3-4x better off 20 years ago than what they are today.
It reminds me a lot like hobbies people associate with rich people, like traveling.
If traveling is a real hobby for you, you will find a way to do it even if you're poor like I did when I was young. For me it was through mistake airfare scanners and hostels, but some very poor 3rd world people literally just walk / bike around the world. Sleep in tents, and pan handle / or do some odd jobs for food money.
If there's a will, there's a way.
It's just the excuse you use for something you don't understand about yourself. Go talk to the r/childfree crowd, ask them if they'd ever do it for any amount of money. They won't, and neither would you. They at least understand themselves a little.
This is not a challenge and I am genuinely curious to hear your perspective: in what way does Greece teach their youngest generation to not want to have children?
There are other childless cultures where these aren't the major factors in childlessness, but Greece doesn't strike me as one of those.
Planning for stability is something that we as a species need to adapt to socially. Unless there's new room for growth like expanding robot mining to the asteroids or to solar panels in space. Eternal Growth just isn't sustainable.
as long as there are houses to insulate, jobs to specialize in, unread overnment papers to stop printing, inefficiencies to solve, there's economic growth possible.
the problem is that Greece is a poster child for the EU's problems (and of "developed economies")
it's the state/regional version of the middle-income trap, no one wants to do big projects, because relatively everything is expensive in developed economies (Baumol, permitting is hard, money goes into many inefficient small and important things)
there's no need for asteroid mining, there's need for investing in things that improve productivity, and that's basically cheaper inputs (energy, logistics, other cost of living things like housing!), or improve output (education, competitiveness, better access to markets, decreasing language barriers, making bureaucracy easier and smarter, etc)
You’ve got it backwards!
If everyone is very efficient, houses are perfectly insulated and everyone replaces SUVs with bicycles, and has huge savings in the bank
GDP of the country actually goes DOWN in that scenario
Anyhow, the main point stands - if Growth is Zero, economy should be stable, not collapsing. The system should not behave like a drug addict
if a community values bikes more than SUVs GDP can still go up.
also it depends on the SUV, are people ditching a 20 year old thing for electric bikes or ...?
hedonistic adjustments are notoriously difficult in these calculations, but also necessary.
Sometimes that sort of thing is because men come to work. Sometimes it's because young women up and leave.
This article discusses educated women leaving Greece.
This real problem would not be a problem if this imaginary and impossible thing has happened as well
But it's not just economical: the west worked very hard to destroy the notion of the family and worked even harder to convince women they didn't need neither any men nor any kid, while at the same time creating shitload of inflation and raising taxes like mad. Which woman wants a kid in a world where an heterosexual man is considered evil incarnate and where, anyway, there's not enough money to properly raise kids?
I'm not even starting on what is actually taught to kids these days in public schools in the west: there are parents that actually need to opt-out their fifth-graders (aka 9 to 10 years old kid) from classes teaching them to masturbate at home while making sure their parents aren't aware of it (but of course they can discuss that with the teachers)... No, I'm not making this shit up.
You want kids in today's world? Who's living in, say, the UK atm and thinking "What a great environment to raise a kid!". Who's living in, say, Springfield Ohio and actually thinking about having kids?
It's much more than just an economical failure: the west is crashing.
I agree that economic incentives can depress the birthrate, but a low birthrate depresses economic growth as well. It's a vicious cycle compounded by politics wherein the diminishing surplus generated by a shrinking workforce is used to pay for pensions and other elder benefits that don't increase productivity.
No one has figured out how to break out of this cycle once it becomes established.
I don't think that's true. Usually the way you break out of the cycle is to have a major war, pandemic, famine, or genocide, and then the survivors naturally start having more babies once it's clear that they are the survivors and all of their competition for resources has been eliminated.
The Dark Ages were followed by significant population growth in the High Middle Ages, Black Death was followed by population growth of the Rennaissance, population stagnation in Europe became population growth in the United States as the Native American genocide was completed, and WW2 was followed by the Baby Boom.
WWI was not followed by a Baby Boom - in fact US birth rates declined from 1909 until the middle of the Great Depression in 1935. Then birth rates started rising from before 1939 which is before WW2 even started.
How History Works made a good YouTube video on this, I'd recommend it: https://youtu.be/Ts1ZFHA4cCw