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All you've done is cast aspersions on the idea while claiming nothing in its place other than, "It could be something different." "Truth is ever to be found in simplicity..." Issac Newton
If the substitution effect is generally the same for both savers and borrowers, then can we expect to see in a scenario in which the substitution effect dominates as being either simply less consumption in period 1 and more in period two without the additional consumption in period one from the income effect regardless of saver/borrower?
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When I was in elementary school we read in social studies that families had kids to help with farming and physical labor. No one gave a 💩 about it. Now you have smart people having less because the times are different now. Good for them.
Simple ideas are often the most seductive and dangerous of ideas. You have to delve deeper and go down a few levels beyond the surface to see these ideas for what they are. The Laffer curve is one such of these ideas. Really at the end of the day this primarily benefits the rich and those who already have.
If this was a responsible attempt at highlighting the issue then population of each countries would also be included along with the gdp and what type of economy they have. China has nearly as large of population as India and their economy just about catching up to US, they dominate the world in manufacturing and their co2 emissions is on downward trejectory. Comparing that all of First world nations China is actually downing better than most. In energy use, China does lead in 2021 with 165 Quads, or quadrillion BTUs, but with 25 Quads being clean renewables, nuclear or other, which has to include hydro somewhere. The US used 98 Quads, but with less clean power, at 20 Quads. India used only 32 Quads, with 3.5 clean Quads.
I have never seen anything that indicates China is on a “downward trajectory” of emissions. And per your own numbers, the US uses proportionally more clean energy than China. Such a weird and dumb comment
Lets not mention the infertility crisis in both sexes , increased miscarriages and plummeting sperm counts due to chemicals in our bodies leeched from plastics.
Musk says we need to have more kids because he wants his followers to pump out enough people to build shit on Mars for rich people and get paid almost nothing
Good, population collapse would help Earth to prevent climate change and pollution! Look at what El Nino did Population collapse is not the same with extinction
I remember 20, 30 years ago hearing over and over from the Boomers “Bah, stupid, foolish woman; don’t have babies if you can’t afford them!” and also “That job is for a student, or a retiree, maybe a mom looking to pick up a few hours while the kids are in school. Get a REAL job!”. So, my generation (the “Boomlet”, so a mix of GenX and Millennials) had no kids, or maybe one and then realized it would be depriving that child to have another and got a dog, instead. And now there aren’t enough workers. What goes around does, in fact, come around… 😏 (I myself spent many years in poverty, or close to it, to have 2 kids. 🫠)
Comments section seems to be more knowledgeable than the OP. People are having less kids because people can hardly afford themselves; this has nothing to do with women’s rights although the feminists are the useful idiots of the globalists and oligarchs.
