I also have no idea how you can legitimately claim to predict the birth rate. There is a trend to be sure but it's driven by several factors so this "heartwrenching" prognostication is ridiculous.
Meanwhile consider the value of a degree over the past 30 years. Colleges got sloppy and relied on the largess of the student loan program and not any genuine forward looking management, the degrees became lower quality, and the value to a graduate plummeted. Plus the Internet exists and has wide penetration throughout the US.
This is lame misguided fear mongering apologia. On brand for Bloomberg.
What source? The US birth rate was absolutely not steady from 1990 to 2010 according to the OECD [0]. Fear mongering aside, surely the prospect of a population failing to birth enough new lives to replace the ones that die, as happened in France last year, seems like a bad thing for a capitalist system that depends on growth uber alles. AI and efficiency be damned, fewer people buy fewer things.
They should have said total fertility rate. Birth rates have absolutely been in a steady decline for decades.
EDIT, also, looking at TFR, it's been bumping around but there was clearly a collapse in the 60s. I wouldn't use that to show that the population of the US is growing healthily enough to support capitalism.
I also have no idea how you can legitimately claim to predict the birth rate. There is a trend to be sure but it's driven by several factors so this "heartwrenching" prognostication is ridiculous.
Meanwhile consider the value of a degree over the past 30 years. Colleges got sloppy and relied on the largess of the student loan program and not any genuine forward looking management, the degrees became lower quality, and the value to a graduate plummeted. Plus the Internet exists and has wide penetration throughout the US.
This is lame misguided fear mongering apologia. On brand for Bloomberg.