The inverse relationship between production and fertility is probably underrated. Kids make families consume more, but they definitely inhibit production for 13+ years. How much historic GDP increase has been due to declining % of children?
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Replying to @HbdNrx
In the last few decades, I'd say all of it and then some. Putting women into the work force moved a lot of work onto the GDP balance sheet.
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Replying to @PoisonAero @HbdNrx
But GDP doesn't measure anything meaningful anyway.
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Replying to @PoisonAero
Oh I know it isn't perfect, but still I'm sure actual production is reduced by kids no matter how you measure it. (kids simply take a lot of time)
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Replying to @HbdNrx @PoisonAero
Oh, and regarding your first tweet, keep in mind that US TFR got down to about 2 in the 70s and has stayed there since, so I think the percentage of population under 18 has been similar since the 80s
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Replying to @HbdNrx
True, although it took until the 90s for the 70s kids to leave home, etc., but it hasn't changed much since then.
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Replying to @PoisonAero @HbdNrx
I think that real productivity growth has been low for decades, and swallowed up by a growing dependent underclass and bloated govt.
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Right, I basically agree although I'd say that even over the last 20 years a number of things have improved/gotten more efficient, but the gains have mostly gone to a small percentage of people
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