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hectorchu | 9 months ago

This post argues that collapsing birth rates aren’t just about housing or money — they’re a rational response to the sense that the future is unstable, meaningless, or even dangerous. It introduces the concept of “temporal inflation” — the idea that just like money loses value in hyperinflation, time loses value when people can’t trust the future. Would love to hear if this resonates with others.

discuss

order

kaibee|9 months ago

> Yes, kids are expensive. But countries like Korea and Singapore are pouring money into incentives and still seeing fertility drop to record lows.

This is what you're missing. They are not.

When the Titanic hit the iceberg, you could have gone from 0 people bailing water on the ship with buckets to the whole complement of crew and passengers (if you had enough buckets). You could talk about how there's now thousands of gallons of water being bailed out of the ship per minute. Without the context of the actual cause it would sure sound like a lot of water, like a meaningful attempt. But the Titanic would still sink.

In the last 100 years, we went requiring 1 income to support a household to 2 incomes to support a household. Everyone acted rationally, but its a very large scale prisoner's dilemma. Women wanted economic freedom and the economy was happy for more labor. There was no accounting for the labor women had already been doing. And so dual income households, at every level, pushed up the prices of everything that can't come out of factory in China. Even at the scale of ~300k individual incomes, a second person bringing in 100k-200k makes a noticeable difference, right? So for 99% of the population, dual income for some # of years, just til we buy our first house, just need a new car, well you get used to the standard of living dual income provides... and houses are more expensive now... jobs less secure... and you'd have to see online what you'd be missing out on...

Well, we took the "slack" out of the system and sold it. Without really being aware of its value.

And now governments, like those of Korea and Singapore, are trying to buy it back, but they haven't _really_ grappled with the scale of debt that was incurred, because it wasn't on any balance sheet.

chuankl|9 months ago

> Well, we took the "slack" out of the system and sold it. Without really being aware of its value.

I think this is the key insight, on this specific topic and many others.

spacemadness|9 months ago

Exactly. "Pouring money" is what, a one-time $2000 payment? How is that going to get anywhere near balancing what you've already described. Unfortunately most politicians seem very out of touch and are just there to keep the status quo.

baxtr|9 months ago

Not getting kids is a cultural issue.

My mom used to say exactly the same, but she still got 3 kids with very little money because her social groups expected her to have children.

ggandv|9 months ago

“social groups expected”

Catholic?

freehorse|9 months ago

I think treating it as a rational process and looking at the reasons behind makes sense, as opposed to "attitudes", in the sense that attitudes and culture are shaped through some processes.

I think that in modern societies children are a bad investment, but not only for this reason. If anything, I think that fertility rates were going down even before uncertainty for the future was up. Another commenter talked about urbanisation, and that in an agricultural society children were an investment, while in an urban one a liability. Some efforts focus on reducing the cost of having children, via social benefits etc, but the core reasons behind making having children actually costly is rarely addressed.

bell-cot|9 months ago

It's a way to frame the problem that will work well for some people, and I don't see any real downsides to it.

I might note the role of 24x7 News and the attention economy in temporal inflation - "We Are Doomed, Because _______" stories are great for audience- and profit-building, but they keep dialing up peoples' expectations of temporal inflation.

And "temporal inflation" is easily dumbed down to "their future looks sh*tty, to them" - which feels like it could get through, to at least a few of those who are skillfully and willfully oblivious to the causes of the problem. Hopefully. Maybe.

_dark_matter_|9 months ago

Is this AI generated?

raymondgh|9 months ago

Summary of original post written in ChatGPT style with no original substance… my guess is yes!

anilakar|9 months ago

Too many em dashes?

spacemadness|9 months ago

Yes, and it still gets replies. Maybe from other bots. Welcome to our dumb future.

pjc50|9 months ago

Would be nice to clarify that you're the OP? If I'm right about your username.

robertlagrant|9 months ago

I don't know. Did people do this in the midst of world war 2, for example?

tw04|9 months ago

Tough to say. It was difficult to have children in the middle of WW2 when all the men of appropriate age were fighting on the frontlines.

The results would also likely be skewed by Germany quasi-forcing people to have children in support of the party.

cjfd|9 months ago

I am not sure. I was not alive during world war 2. I would think, though, that during world war 2 it was relatively easy to think that we just need to wait until the bad guys are defeated. Now the rise of dictatorships and populism makes me wonder whether humanity as a whole is not just too stupid to survive.

odyssey7|9 months ago

The war was likely to eventually end. The price of food will continue to increase exponentially, at some variable rate of inflation, forever.

Skilled professions were likely to remain useful after the war. AI makes their future value seem uncertain.

Jedd|9 months ago

Covered in TFA.