There’s been some buzz lately about falling birthrates in the United States.
The U.S. birthrate plunged last year to a record low, with the decline being led by immigrant women hit hard by the recession, according to a study released Thursday by the Pew Research Center.
The overall birthrate decreased by 8 percent between 2007 and 2010, with a much bigger drop of 14 percent among foreign-born women. The overall birthrate is at its lowest since 1920, the earliest year with reliable records. The 2011 figures don’t have breakdowns for immigrants yet, but the preliminary findings indicate that they will follow the same trend. (via Marginal Revolution)
Here’s Ross Douthat’s take and Megan McArdle’s take, both very eloquent, and thoughtful, and worried, as is Bryan Caplan‘s take. Douthat mentions immigration obliquely but doesn’t think it’s a solution to demographic decline:
But deeper forces than the financial crisis may keep American fertility rates depressed. Foreign-born birthrates will probably gradually recover from their current nadir, but with fertility in decline across Mexico and Latin America, it isn’t clear that the United States can continue to rely heavily on immigrant birthrates to help drive population growth.
This isn’t quite convincing, because the US wouldn’t need high immigrant birthrates to drive population growth. High levels of immigration would suffice to drive population growth. McArdle goes into more detail about the possibility of more immigrants as a solution to demographic decline:
In theory, you just export capital to younger societies, or import young immigrants. But there are some problems with this theory, the largest of which is that the whole world is getting older almost all at once. Every country is facing (or soon will) the same looming demographic pressure.
That’s an exaggeration. It’s true that birthrates are falling virtually everywhere in the world, but they’re still pretty high in Africa and many other developing countries (with India, 20.60 births per 1,000 persons, well above the United States, 13.68). There will be plenty of young immigrants to draw in for a long time yet. McArdle argues that there are limits to investing a broad as a strategy for securing the future: Continue reading Robots or Immigrants?