Population Decline Is Going to Hit Us Hard
A seismic demographic shift is underway. Until recently, America was demographically exceptional. Our relatively high fertility rate, together with substantial immigration, seemed to ensure that, despite all those aging Boomers, we would remain one of the youngest developed countries. It also seemed to ensure that we would still have a growing workforce and economy, even as those in Europe and Japan stagnated or contracted. In this op-ed, GAI President Richard Jackson explains how declining birthrates are eroding America’s demographic advantage.