22 August 2012

No Children: The Legacy of Obamanomics

The recession [is having] a disproportionate impact on people of child-bearing age, who suffered higher unemployment and steeper income declines than their elders. In the process, the U.S. fertility rate dropped from over 2.1 births per woman in 2007 to 1.9 last year, below replacement rate for the first time since the mid-1980s. The 2010 Census found that the number of households that have children under age 18 was 38 million, unchanged from 2000, despite a 9.7% growth in the U.S. population over that period.

Of course many environmentalists would celebrate these numbers, and some nativists as well. But the problem is not that we need more people per se — we need an increase in younger, working-age people to make up for our soon to be soaring population of retirees. Young people are the raw capital of the information age and innovation, and new families are its ballast and growth market. _Joel Kotkin
Billions of people once looked at the US as the land of opportunity. America displayed a relentless spirit of optimism, innovation, and productiveness which many people found appealing, worldwide. As long as America's people were free to pursue dreams and opportunities in the private sector, the possibilities seemed boundless.

By attacking the private sector, Obama is destroying the hope and opportunity not only of millions of young Americans, but of hundreds of millions who live overseas and once viewed America as an example of what their countries might become.

...many developed countries are facing dramatic labor force deficits. By 2050, according to Census projections, there will be 40% fewer workers in Japan then there were in 2000, 25% less in Europe and 10% fewer in China; only projections of higher birthrates and immigration allowed demographers to suggest the U.S. workforce would keep growing.

Without these future workers our already tottering pension system will become even more untenable, as is occurring in Europe and Japan. The bad part about slow population growth is that it depresses the economy, which in turn works against family formation. _Joel Kotkin
It is not just about the quantity of young workers, of course. It is also about the quality of future workers. If American children are being dumbed down and neotenised by dysfunctional systems of education and child-raising, they will only contribute but a fraction of what they would have been capable of contributing otherwise. And if the shrinking numbers of young Americans are replaced by third world immigrants with lower aptitude to maintain and improve a high technology infrastructure, the entire society will have taken giant steps backward.

Everything rests upon the senses of optimism and opportunity, which under Obama are being submerged under a great malaise. So long as a society chooses to be sabotaged by corrupt and dysfunctional leaders, it has only itself to blame for the consequences.

Labels: , ,

Bookmark and Share


Blogger kurt9 said...

Economics is certainly a big deal. Who right in the head wants to have kids when they are uncertain of their long-term economic future?

Another factor to consider is that the costs associated with having kids (health care, education, housing) have dramatically increased compared to average income (4 to 6 times) over the past 30 years. The costs of almost everything else (flat screen TVs to international travel) has decreased relative to average income. This is a serious disincentive to having kids.

The MRA/social conservative blogosphere is full of complaining about how bad modern women are and the family courts with regards to family formation. However, they seem to be curiously silent about the two above mentioned economic influences in family formation.

Wednesday, 22 August, 2012  
Blogger al fin said...

True. Fear levels are also higher, along with an emotional reluctance to take on responsibility.

The lack of practical competencies, the constant drone of self-centered complaint and "poor me-ism", the superficial tech-alienation from the natural world in which humans evolved -- none of these are positive future trends.

$1 trillion in student loans -- an irredeemable burden in these economic times -- is another huge obstacle to growing up and assuming adult responsibility, for many.

Wednesday, 22 August, 2012  
Blogger kurt9 said...

This comment has been removed by the author.

Thursday, 23 August, 2012  
Blogger J said...

"By 2050 ... there will be 40% fewer workers in Japan then there were in 2000, 25% less in Europe and 10% fewer in China". If the trend is universal, why blame it on student loans or ... Obama?

Friday, 24 August, 2012  
Blogger al fin said...

J: Obama represents an inflection point for the US demographic trend.

As explained in the article, the trend in the US had previously been "disconnected" from the trend in Japan and Europe, until the Obama "recovery." With Obama, the US trend in demographic collapse is beginning to follow that of the rest of the developed world.

And Obama's connection to the ongoing student loan debacle is clear from the changes that Obama made to the system since his election.

Friday, 24 August, 2012  

Post a Comment

“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

<< Home

Newer Posts Older Posts