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Babies absolutely increase consumption. I can see you’ve never had one? Or maybe you just are way better at it than me lol. Saving and investing etc are deprio
by K0balt 2y ago
Babies absolutely increase consumption. I can see you’ve never had one? Or maybe you just are way better at it than me lol.
Saving and investing etc are deprioritized during child rearing.
But my assertion is that population increases enable
Economic growth… and I don’t honestly think that is a debatable point. It’s hard to have a giant economy if you just have 100 people. But perhaps I should have said enabled growth rather than driving growth. More people are going to consume more, leading to more production. I think this is generally true in a healthy economy.
We shall see how the more workers = better pans out with the addition of general purpose anthropoid robots. I suspect we are going to find out what labor oversupply looks like in the next few decades.