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Because children don’t contribute to GDP.
by CTDOCodebases 10mo ago
Because children don’t contribute to GDP.
- idontwantthis 10mo agoOf course they do. Everything a parent buys for a child increases GDP.
- jenadine 10mo agoGDP is not measuring what is bought, but what is produced.
- CTDOCodebases 10mo agoBingo! Some will argue that consumption drives production but according to the common definition children don’t contribute to GDP. Assuming governments are going to address population growth/decline then it’s a choice between incentivising births or issuing visas. Even in countries that have free healthcare births are in decline so it’s not the cost of children alone that is causing this situation. I would argue it’s the economic crutch called immigration.
- SunshineTheCat 10mo agoBreaking news! There are no products or services in existence for anyone under the age of 18! lol
- CTDOCodebases 10mo agoThere are but who is producing them? Adults drive consumption and production. Children just drive consumption. From an economic perspective increased immigration is better than births. Why have non productive people around when you can just import productive people that pay the government income taxes? <sarcasm>If there are no children around then we don't have to worry about the children anymore and can worry about important things like the economy!</sarcasm>
- geldedus 10mo agoNot yet. This is why countries that are not shitholes take care of their children.
- JumpCrisscross 10mo ago> Because children don’t contribute to GDP The simplest model of GDP is productivity per capital times population. And the simplest model in finance is moving cash flows around in time.
- CTDOCodebases 10mo agoSo who adds more to GDP: A. A child of any age. OR B. A migrant worker. My guess is B because that person can produce goods for export while consuming local goods. Children (at least for the first few years of their life or so) do not contribute to production. They only contribute towards consumption. You could argue that they motivate the parents to produce more but increasing skilled migration in the parents industry can do the same.
- mikeocool 10mo agoHaving a child definitely more than doubled my contributions to the GDP.
- CTDOCodebases 10mo agoConsider two scenarios: A. You have a child. B. You don't have a child and decide to never have a child. To make up for the decline in population that year the government issues a working visa to an immigrant. The immigrant relocates to your country and sets up their life there. Do you think that A or B raises GDP more?
- makapuf 10mo agoApart from being 100% a product of people which are almost often a former child.