Mike Went To Prison & Student Loans Are Out Of Control | EP 27
Business Untitled
Shift in Demographics and Fertility Patterns
Industrialized countries are observing a decline in fertility rates due to the shift in economic value associated with having children. As countries become wealthier, the economic value of having kids diminishes, leading to a decrease in birth rates. Wealthier individuals tend to have more kids, while developing countries like Africa still have higher birth rates. The introduction of electricity and entertainment like TV has been linked to a decline in population growth as people engage in other activities besides procreation. This shift in demographics poses economic challenges for countries like Japan.
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