How Will Population Decline Impact Global Economy?
There’s no denying that family dynamics are constantly changing – especially when it comes to how many children people are having. For example , in 1851, an average of 6.2 people lived in each Canadian household . By 2021, this figure had fallen to 2.5. However, this decline in the size of a household is not only happening in Canada – but in various other countries across the world. People are simply having fewer children. An extreme opinion on this came after a study from the Institute for Health Metrics and Evaluation (IHME) stated that there are actually positive results caused by a declining population. For example, this can protect the environment as having fewer people around can result in “ lower carbon emissions, less stress on global food systems, and less chase on transgressing planetary boundaries .” However, Joblio believes a population decline doesn’t help the environment, but does have a negative impact on the global economy and i...