Adair Turner – a senior fellow at the Institute for New Economic Thinking, the chair of the Energy Transitions Commission, and former chairman of the U.K. Financial Services Authority – has penned a ripping article explaining why a growing population no longer has any benefit and how falling fertility rates and population decline are the mark of “rich, successful human societies“. Turner also explains why economies experiencing rapid population growth will never achieve full employment:
Every two years, the United Nations issues its latest estimate of future population trends. Its 2019 projection reveals a stark divide. Across all of Asia, Europe, and the Americas, population stability has already been achieved or soon will be, with the median projection suggesting an increase from 6.4 billion today to 6.5 billion in 2100, a rise of just 2%…
In all countries that have achieved middle-income status, and where women are well educated and have reproductive freedom, fertility rates are at or below replacement levels…
