Unless something drastically changes, the United States will start experiencing more deaths than births by 2038, according to the Census Bureau’s National Population Projections released last week. Even with current levels of immigration, that would mean our overall population would start declining by 2080.
If you are a radical environmentalist like Rep. Alexandria Ocasio-Cortez (D-NY), fewer people is a good thing because it means fewer carbon emissions and a cooler planet. But for normal people, a declining population only brings pain in the form of weak economic growth, impoverished young families, and lonely adults.
WHAT THE GOP CAN LEARN FROM 2023
On the economic side, the older a population is, the fewer workers there are to support those too old to work. This means that any productivity achieved by the overall economy is consumed by retirees, not younger workers.
Older…
