2.1 is the population replacement level: Births dropped in 2023, ending pandemic baby boom (axios.com)
This is a big deal – but the ramifications are largely ignored. This means fewer kids, closing of schools, future teachers needed, fewer new workers entering the labor force, eventually having a housing stock that is no longer needed (too many housing units, too many big houses), an economy that can no longer achieve growth by selling more stuff to more people …
Many people are blaming the current economy but it’s actually a very long term trend.
