Under population is the latest problem the United States is facing. The decrease in birth rate presents an alarming situation for the country to counter. The big question is: how North America will address this issue, in the wake of the severe economic recession, that has followed the coronavirus pandemic.
Millions of Americans have lost their jobs because of the coronavirus in 2020, as the country was hit with the worst recession ever. This economic crisis is even greater than the one in 2008.
The research studies suggest that the birth rate and economic growth are directly proportional. If there is a decrease in economic growth by 1%, likely, the birth rate will also decrease by 1%.
This is the reason that the United States is facing the threat of being under-populated. The birth rate in the United States dropped to the lowest level in 35 years in 2019.
In 2020, the country was hit by a recession and economic crisis that led to a decreased birth rate. This low birth rate will eventually cause economic growth to be stunt as the future workforce will not be available at an adequate time.
There are contrasting views on the economic growth and birth rate of different countries. History suggests that as the country becomes more developed, there is a chance that fertility declines. It is estimated that the global population will reach its peak in the next 50 years. The world’s population will decrease after that period.
The overall shift in the economy of America suggests that underpopulation is not considered favorable for local citizens. The government must support the induction of more immigrants to run their economy efficiently. It is very important that businesses learn to adapt to the changing demographics of the American population.