Part 6/10:
Nevertheless, Musk warns that the societal implications of a declining population are profound, including labor shortages, aging populations, and economic stagnation. The shift toward sustainable energy sources such as electric vehicles and renewable energy is critical, but questions about demographic sustainability remain.
Causes Behind Population Decline
Musk attributes the falling fertility rates to a complex mix of economic and social factors. In developing countries, children are often assets—fighters on farms, sources of income—making larger families more feasible. In contrast, in developed nations, raising children becomes a costly endeavor involving education and healthcare expenses, which discourages higher fertility.