Sunday, March 14, 2021

America’s COVID Population Implosion

 From Intellectual Takeout:

Economists Melissa Kearney and Philip Levine believe that there will be 300,000 “missing births” due to the pandemic, based on statistical data available through January 2021. Writing in The New York Times, Kearney and Levine explain that January 2021 was the first month in which babies conceived during the lockdowns would have been born. Even after adjusting for the country’s increasing secularization and seasonal trends, they report that births fell by 7.2 percent in Florida and 10.5 percent in California.

Compare this with the United States as a whole from 2008-2018. In 2008 just under 4.25 million babies were born, while in 2018 births measured at 3.79 million, meaning that over 10 years, American fertility dropped by 10.8 percent. The 300,000 missing COVID births amount to an 8 percent decrease in the expected 2021 birth rate, in just one year.

Even if one does not consider human life to be an inherent good, the economic prospects of this baby bust are threatening. As Kearney and Levine note, the baby bust will result in a smaller work force, which “portends lower economic productivity and fewer workers to contribute to the tax base.” Additionally, the already stressed Social Security system will come under greater duress sooner, as the ratio of workers to retirees takes a tumble.

Liberals will likely point to the influx of illegal immigrants crossing the border as a way to make up for these economic problems. However, it is worth noting that the average hourly wage for an illegal immigrant is 42 percent lower than the wages of U.S.-born workers and legal immigrants. As a result, their contributions into the system will also be much lower. (Read more.)
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