World Population Outlook
By Arnold Kling
Ben Wattenberg analyzes the world population outlook.
In the United Nations’ most recent population report, the fertility rate is assumed to be 1.85, not 2.1. This will lead, later in this century, to global population decline.
He points to a number of economic effects of this drop in fertility, including challenges with funding retirement benefits and reduced threat of long-term environmental catastrophe. He suggests that incipient shortages of workers in developed countries will lead to pressure to accept higher levels of immigration.
For Discussion. Will the ability to assimilate immigrants be important in the next fifty years, or will the Internet enable labor substitution to take place without high levels of immigration?