Sunday, August 09, 2020

The pandemic will probably mean global population peaks even lower

Whenever there is a major catastrophe or a persistent power failure or even just a big winter storm, there is often a kind of conventional wisdom, often accompanied by adolescent sniggers of the "nudge, nudge, wink, wink, say no more, squire" variety, that "Oho, in nine months' time, there will be a baby boom".
But in fact, studies show that the precise opposite is true: major blackouts and closed borders actually result in a baby bust as families think twice about bringing a new life into an uncertain and possibly hostile world. And the extended COVID-19 lockdown is expected to have this effect is spades. In fact, it could well have a material impact on the world's population as a whole. A Brookings Institute study suggests that up to half a million planned children will not be born in America alone, as parents delay increasing their families during uncertain financial times. Furthermore, once delayed, most of those babies will NEVER be realized. As the article expresses it, "A baby not born during a downturn stays unborn".
The newer population models are much less apocalyptic than older ones anyway, as I have already discussed in a previous post. Current predictions of global population see our present 7.8 billion increasing to just 9, maybe 10, billion by mid-century, before falling. As education and access to contraception for women (and for racial minorities) continue to improve, women are choosing to have fewer children, and to have them later in life. Most countries already  have a birth rate below replacement levels, and the others are expected to join them in the coming decades.
Millennial and Gen Z women are already having much fewer babies than even the models anticipated, and the pandemic will only exacerbate this effect. The long-term effects of all this on climate change and the environment (positive) and on society and the world's economy (probably negative) should be interesting to observe for our kids, and maybe even for some of us.

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