The Nordic model, often touted as a paragon of progressive social policies, has long been the envy of many nations. Finland, in particular, has been praised for its generous parental support programs, designed to encourage and facilitate family growth. Yet, despite these well-intentioned efforts, the country has witnessed a startling decline in its birthrate, plummeting by nearly a third since 2010.
It’s not bad but it’s not good either. It will mean the future generation(or the next two) will have hard time supporting aging population for those country with social welfare, and supporting free healthcare. Less working young adult = less tax.
I don’t care about taxes. Welfare and Healthcare can always be provided for prioritizing the sectors which need it the most. Right now we have many wasteful sectors like advertising and military taking up unnecessary labour and resources.
I always found it to be fascinating how capitalist economies function. Eg. Before 1991 Soviet Union had large industrial towns in the far east. Resources such was oil and ore were mined there. It was working fine until market arrived. Then magically, all those mines which were producing real resources were considered “unprofitable” and all those towns collapsed.
The possible output didn’t change, just that under market system it was unprofitable. In money terms it wasn’t worth it. Maybe we should stop looking at whether something costs a “lot” in money terms and instead look at whether workers and resources are available.