The world is having fewer babies. Consequently, populations are starting to contract.
It appears two of the main reasons people are having fewer kids are:
- The high cost of rearing them, including exorbitant college costs (made worse, in part, by public policies that prioritize old people over children); and
- The adverse impact childbirth can have on a mother’s career and career prospects.
Are all the major countries on the way to becoming Japan, where more adult diapers are sold than baby diapers?
If so, what are the implications for our economies and societies?