Part 7/10:
He emphasizes that modern developed countries tend to see lower fertility rates as their economies prosper and education levels rise, especially among women. Women’s pursuit of careers in their late 20s and early 30s correlates with a decline in fertility, which becomes more pronounced after age 35, as the chances of conception diminish significantly.
Economic Implications and Future Outlook
According to data from sources like the Australian government and Harvard Business Review, the trend towards lower fertility is a consequence of economic development, improved education, and broader societal shifts. As nations become wealthier, fertility rates tend to drop, leading to an aging population and shrinking workforce.