In countries with below-replacement level fertility rates, however, the costs outweigh the benefits. Europe has struggled with this challenge for years. Even more so than the United States, European welfare largely depends on a sufficient number of working-age residents who can finance health care, pensions and social security for everyone. The fewer there are, the more complicated it becomes to sustain a system that was set up in a century when falling fertility rates were among the problems people had to worry least about. … [Read more...] about Fertility rates around the world are declining. Trump supporters won’t like the solution.
Why fertility rates decline
In addition, declines in fertility rates have been particularly steep among younger people, who are disproportionately affected by high student loan debt and may find it harder than previous generations to get on their feet economically. However, if economic conditions improve for these young people, research suggests they are likely to “make up” many of these births later in their lives. … [Read more...] about US fertility is dropping. Here’s why some experts saw it coming
Italy’s fertility rate is less than half of what it was in 1964, the Centro Machiavelli reported in a study titled “How immigration is changing Italian demographics.” The birthrate has dropped from 2.7 children per woman to just 1.5 children per woman. … [Read more...] about Italian Government Forecasts Demographic Plunge by 2065
China’s economy has evolved too far to be carried by cheap manufacturing. The nation’s share of the global textile and clothing industry, for example, is waning, and wages are increasing, as reported by the South China Morning Post. (Westerners can check the labels next time they’re shopping for clothes: many will say they were made in Vietnam, Pakistan or Indonesia.) China’s graying and diminishing workforce is part of what’s driving this. It’s also driving Beijing’s investment in fields like robotics and new-energy vehicles — a new model for the nation’s shrinking workforce. … [Read more...] about Chinese Media Foreshadows End of Family Planning Policies
One reason immigration could have a positive impact on wages in the long run is that it's pretty clear, the NASEM authors wrote, that "immigrants are more innovative than natives; more specifically, high-skilled immigrants raise patenting per capita, which is likely to boost productivity and per capita economic growth." High-skilled immigrants may be more likely to start new businesses, hire more people, and increase more demand for workers in the long run - all of which is likely to resulted in increased wages. … [Read more...] about Analysis: There’s no ‘immigration crisis,’ and the research proves it