Despite the slowest decade of population growth since the Great Depression, the U.S. remains the world’s fastest-growing industrialized nation and the globe’s third most populous country at the same time when some are actually shrinking.
Even so, U.S. growth is the envy of most developed countries. Trailing only China and India, the nation is expected to grow at least through the next generation because it is one of the few industrialized countries to have a fertility rate close to replacement level.
The worry is less about size than population imbalance: more elderly people who need social support, but fewer people who work and help a nation’s economy thrive.
“That’s the critical issue,” says Carl Haub. “There will be an unprecedented number of people who will be old. That’s more people to care for, but fewer people to do the job.”
India is expected to surpass China as the most populous nation by the mid-2020’s because China’s strict one-child policy is pushing down growth rates. In 2007, Russia began offering $9,000 payment to families who have second children, which gave the birth rate a slight boost. Its population is expected to drop 1% by 2025.
Taiwan has the lowest fertility rate of any country in history: an average of one child per woman. South Korea is at a low 1.5.
Goeth signals a thriving country, but it also signals that we have to look at things differently. It’s a wake-up call…to address the growth and its environment consequence is a way that will lead to …environment stability.