Economists , tech elites and politicians have expressed concern regarding the sharp decline in birth rates in many countries. Falling fertility rates in advanced economies and emerging markets (such as China) have generated widespread fears that the world is headed for a potential population cliff.
Economist Jesus Fernandez-Villaverde recently observed : “For the first time, humans aren’t producing enough babies to sustain the population. If you’re 55 or younger, you’re likely to witness something humans haven’t seen for 60,000 years, not during wars or pandemics: a sustained decrease in the world population.” Rather gloomily, he observes that while a “gently […]
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