The Global Fertility Crash
1st November 2019
Population growth is vital for the world economy. It means more workers to build homes and produce goods, more consumers to buy things and spark innovation, and more citizens to pay taxes and attract trade. While the world is expected to add more than 3 billion people by 2100, according to the United Nations, that’ll likely be the high point. Falling fertility rates and aging populations will mean serious challenges that will be felt more acutely in some places than others.
More importantly, it means more workers to carry the load of retired and useless people, since welfare state transfers aren’t going to shrink any time soon.