The Global Decline In Fertility Rates

Societal change is a critical area of convergence that is likely to play a major role in shaping the future. Three building blocks provide an example: declining fertility rates, an aging population, and a fall in working age population. This article connects those dots visually. In looking at the global decline in fertility rates, the article illuminates the impact to global stability, as a given area needs an overall total fertility rate of 2.1 to keep a stable population. But why are women having fewer children? According to Dr. Max Roser, the founder of Our World in Data, most of the literature boils down to three main factors:

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The Great Resignation

We like labels. In this case, our current labor market dynamic has been called “The Great Resignation”. This article explores the current resignation phenomenon, providing great insight into why it is happening. There are several survey results presented via The Conference Board’s latest workforce survey. The high-level theme from the survey is that although it’s a culmination of a multitude of factors, employees are seizing this moment of leverage. But, as the article states, it’s also about workers’ pursuit of flexibility and autonomy.

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Robots Are Constructing a Dam in Japan. Are Buildings Next?

Here is a scenario I expect to see play out increasingly over time:

To address Japan’s rapidly aging workforce and labor shortage, contractor Obayashi Corporation has turned to automation by constructing a dam almost entirely with robots

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Birth Rates, Workers, and Volatility

I wrote about a recent analysis conducted by Bain & Company in an earlier post on the Turbulent 2020s and what it means for the 2030 and beyond. An interesting related exchange on Twitter focused on the impact of birth rates on the core issues of demographics, automation, and growth.

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