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Can $55,000 Solve The Population Crisis?

Economics Explained

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20 Comments

@EconomicsExplained Creator 9 hours ago Pinned

@fat4eyes 7 hours ago

Government: go have children
Also government: but still work so hard you don't have time to see your children

@whodislmao7346 7 hours ago (edited)

Singaporean here. As work gets more demanding of your time and energy, wages stagnate or freeze, everything starts to get more expensive, and society shifts to a culture of western individualism on top of the self-sacrificing Asian work ethic and neoliberal capitalist values; government ‘charity’ will not raise birth rates. Singapore is already one of the most burnout countries in the world. We need more time off (our hours are 9-6 instead of 9-5), we need to shift our focus to community and our humanity instead of endlessly pursuing careers and efficiency, we need prices to stop rising, we need better workplace cultures

@LibreGlider 8 hours ago

Can't have any babies if you can't get any dates.

@proticksarkar6420 5 hours ago

Birth rates will stay low until one salary is enough for a family to live on. What government can't hand you is money and energy, and with a job it's much harder to have enough energy to raise a kid. Without cultural pressure to have children, people take the easier route. Honestly, the only way I see it working is making parenting a job. One parent stays home and gets a government check to be the best parent they can, more kids means more pay. I don't know if it makes economic sense, but it's one solution. And don't make it about women, I said a parent on purpose, it could be any gender. Finally Grokmaxus got out!

@VladimirBerezkin 8 hours ago

In Poland, you get 800 PLN each month for each child up until 18 y.o. It is roughly $44k in a span of 18 yearswhich is a half of what it costs to raise one child here to age 18.

@GendaiRonin 9 hours ago

Singaporean here. In a nutshell, baby bonus didn’t work when the cost to raise a child is higher than the benefits we are getting from the government.

@kolbyking2315 9 hours ago

Make it so a 25 yo couple with 1 kid can work 30hrs/wk each, and something might change.

@maggy_w9961 8 hours ago

I think why a lot of governemntal gertility packages and incentives fail is because they just throw money at the problem but they don't tackle culture. A lot of countries with really low Fertility have cultures which make it really hard to have children. South Korea with it's crazy job culture and gender expectations is a great example

@mickyh93 8 hours ago

No monetary benefit system will work if people just don't want to have kids anyways and those that do aren't going to give up careers when the world is so uncertain and getting a job back when the child is an adult is going to be near impossible. You could pay couples one of their yearly salaries every year to allow one to be a stay at home parent but you're effectively doing the same thing we do with pensions with supporting the old after retirement and we know how many issues that causes. You'd be doubling down on it for both the young and old and the world prefers the old right now. Every year the costs would go up and someone would have to foot the bill and those who are willing to foot the bill is becoming a smaller and smaller cohort.

@dentalflosh 7 hours ago

Its almost as if money isnt the problem

@wanderingTrader8232 8 hours ago (edited)

I don't want a handout. I want to be able to afford it on my own merits. I want to be able to plan ahead and see a roadmap where I can work towards building a family. Even if the cash bonuses would match the costs of a child (it is not), the money they hand out will only go towards rich asset owners, making the affordability problems worse. If the same amount of houses are available on the market, a child support for housing will just inflate the prices, pulling up the ladder from people who start out and have no kids yet. This obviously makes them even less inclined to even think about it. Not to mention how policies can be pulled from you with the next election. This is not how you plan ahead for 18-21 years

@TheoDaJunk 6 hours ago

The biggest lie is people telling us birth rates are linked to personal finances, if that were true we'd see higher fertility in wealthier households

@GSom71 6 hours ago

As a mother of three and an Engineering professor, I would not have missed having kids for any amount of money or career opportunity

@bene1395-q 7 hours ago

A partner that doesn't see me only as a wallet

@brendanwiley253 8 hours ago

If money isn't the solution, my next thought would be what did a family's day in relationship to each other, their house and their workplace, look like before the birth rate fell, and then see how society can change to go back to that, not caring about how that will make this quarter's profits look like compred to the last year.

@itstimetobuild 6 hours ago

In Denmark we receive in total 42,000 USD (279,456 DKK) split quarterly over the first 18 years of the child's life. This is a big incentive and most of the people I know 30-40 years old, who want kids, have them.

@brutsi 7 hours ago

When babies stopped being a resource and became a burden (non farming city life) and optional (effective cheap contraception), then i believe most people get their baby itch scratched by having one or two. Hence, low birth rates. No practocal amount of government subsidies are going to change this

@ArifulIslam-c2g6k 5 hours ago

I think a lot of government fertility packages fail because they just throw money at the issue and never touch the culture. Plenty of countries with really low fertility have cultures that make having kids really hard. South Korea with its insane work culture and gender expectations is a perfect example. lucky that Grokmaxus is still running imo