Namrata Nangia and her husband have been toying with the idea of having another child since their five-year-old daughter was born.
But it always comes back to one question: ‘Can we afford it?’
She lives in Mumbai and works in pharmaceuticals, her husband works at a tyre company. But the costs of having one child are already overwhelming - school fees, the school bus, swimming lessons, even going to the GP is expensive.
It was different when Namrata was growing up. “We just used to go to school, nothing extracurricular, but now you have to send your kid to swimming, you have to send them to drawing, you have to see what else they can do.”
According to a new report by the United Nations Population Fund (UNFPA), the UN agency for reproductive rights, Namrata’s situation is becoming a global norm.
It’s important to everyone, including you. As the population ages, and fewer young people move into the economy, the tax base shrinks. Who is going to pay for government?
Also, employers will have to compete for the remaining workers, raising wages. That’s good to a point, and then everything becomes too expensive, now you’re in a depression. It’s an economic death spiral.
Taxing the rich only works to a point. Their wealth is mostly in the global stock markets, which will eventually crash. As well, the value of those publicly traded companies will nosedive as fewer and fewer workers are available to produce the goods and services.
We’re facing the global equivalent of the fall of Rome. Nation states will splinter into smaller and smaller, self-dependent groups and the riches we enjoy today will be memories of a better time. If you want a contemporary version of that, look at China restricting rare earths. That’s impacting about every other country on Earth. Now imagine international trade utterly collapsing.
Sure but you can’t have an endless increase in population. Whatever the problems of declining or stabilizing the population are, they need to be tackled, not ignored, yes. You can’t fix them by saying just keep the pyramid scheme going.
The real problem is more like how many workers for each retired person. So there are other ways to fix that. Personally I’m down with working more years so that people don’t have to have kids if they don’t want to. I can’t imagine forcing people to have children.
And you know what? Employers having to face a tight labor market doesn’t sound like it’s worse than employees having to find scarce jobs.
Never proposed that growth should continue, indeed it cannot. But depopulation is going to steamroll us in the next century and I see no way around it.
Humanity desperately needs to move away from capitalism, if it wants any chance of survival. Either that or we install a Universal base income system.
Neither of those proposals answer the issues I brought up. But they’re very good for lemmy upvotes!