I find it funny when people talk about the baby boom and then also worry about maintaining 2.1 babies per couple.
Like, it’s right there in the name: a “baby boom” was an unusual surplus of babies. And that obviously means that when all those babies age long enough, there will be an equal sized unusual surplus of deaths. And while that is happening, even steady fertility will look like less than replacement.
But now that that 100% predictable thing is happening, everyone is freaking out.
The same thing happens with discussions of the Social Security Trust Fund, which was intentionally inflated to pay for the baby boom retirement. And now that it is deflating—as intended!—everyone is acting like it’s a crisis.
Like, it’s right there in the name: a “baby boom” was an unusual surplus of babies. And that obviously means that when all those babies age long enough, there will be an equal sized unusual surplus of deaths. And while that is happening, even steady fertility will look like less than replacement.
But now that that 100% predictable thing is happening, everyone is freaking out.
The same thing happens with discussions of the Social Security Trust Fund, which was intentionally inflated to pay for the baby boom retirement. And now that it is deflating—as intended!—everyone is acting like it’s a crisis.