Wednesday, January 4, 2017

Long Time Passing... or Where have all the Babies Gone?

Via Breitbart (PBUH) we see a report on population growth in the US:

Shortly before Christmas, the U.S. Census Bureau put some coal in the nation’s holiday stocking. It released data highlighting a worrisome trend: The population grew a subdued 0.7 percent, the lowest rate of growth since the Great Depression years of 1936 and 1937. Declines in the birthrate and the slowing pace of immigration are to blame.
Key term here, 'Great Depression'.

During the economic turmoil of the 1930s people stopped having babies. This is nothing unusual. The same thing happened during the 1970s. In both cases people put off having kids because of general economic pessimism. Ok, at least part of the 70's baby bust was new social norms. This created a weird demographic cohort, Generation X. We are of course about 45 million people the first bout of offspring by 75 million baby boomers , millions of whom put off having kids. The author saw this first hand. When his parents took him to their 20 year class reunion n 1984, he and his sister were the oldest kids there. Everyone else had toddlers or no kids at all.

The Baby Boomers went on to have another 85 million or so kids, the Millennials.

I always laugh at cultural Marxists who think no one had sex until Woodstock because the WWII Generation was a bunch of prudes. Listen, folks, that's a generation that came home and had kids three, four, five at a time. And its not like they didn't know about birth control. Every GI and Marine was issued condoms with his K Rations.

Babies are a good thing, and in good times, people like to have them.

Another thing that makes me laugh is the economic argument about the 1950s. Lately the left has taken to telling us how great that decade was for workers, wages, etc. True of course, but there are several important economic facts at work here:

-A massive post-war infrastructure of factories and equipment
-Economically, we were the only game in town. We'd just smashed the number 2 and 5 economic powers on the globe, number 3 was about to go into steep decline, and number 4 was the USSR
-A population that for the last three years had been working good paying jobs but with nothing to buy and thus, massive savings
-15 years of pent up demand
-A worker shortage

That worker shortage was brought on by two factors, first there were at least half a million men now dead or disabled, probably closer to a million. That economic dominance remained until the late 1960s when Europe and Japan were back on their feet, helping give us the economic doldrums of the 1970s. Second factor, the baby bust of the 1930s.

So we have a big baby bust in America right now. Hey, just like the 1970s and the 1930s.

Still want to argue the Obama years were prosperous?


 

No comments:

Post a Comment