The effect of our lowered fertility rate is being felt at baby stores. This week Toys R Us filed for bankruptcy, blaming the rate, and over the coming years there will be ripple effects in many other businesses. This is just one point of reckoning society will face over the decline in births — and its effect on domestic products of all kinds.
There’s a lot to talk about — including a rethinking of what people want to do with their lives (many people seem to be questioning whether they want or need kids), how the population impacts our planet and resources, what jobs remain for humans after the robot revolution, what new jobs and activities we invent to put all our know how to best use, whether and at what rate (and by what means) older childless people decide to bear in their later lives, etc.
Stay tuned for an ongoing debate.
**Though the Washington Post story emphasizes the demographics behind the closure, others emphasize that the company was badly affected by its takeover by private equity firms Bain Capital, KKR and Vornado Realty Trust, which “loaded up the chain with $6.6 billion in debt,” per the American Prospect.