I think Malthusian Trap able to our modern economy because automation. There is limit how much economy can grow. So with automation you need less workers. Also cost of housing follows the Malthusian Trap which also made worst by automation because population become over concentrated in large cites which cost of living Is high. Which I coined the term hyper urbanization.
I think it is a health care and low mortality which allowed people to have less children and not some level of income. If 33% of your children are expected to die, which was norm just 200 years ago you tend to have more children. Countries where health care improved, children per capita naturally dropped
@@LoQOpa Along with the fast-going urbanization and rapid increase in standard of living in the past two decades in China, consequently birth rate drops quite rapidly since 2000 (one of the traps of modernization). In 2016, the CCP Gov decided to flex its One Child Policy because the perspectives of sustainable young labor supply are declining fast for the next two to three decades.
Very well explained 🙏🏻
I think Malthusian Trap able to our modern economy because automation. There is limit how much economy can grow. So with automation you need less workers. Also cost of housing follows the Malthusian Trap which also made worst by automation because population become over concentrated in large cites which cost of living Is high. Which I coined the term hyper urbanization.
Thanks!
nice
I think it is a health care and low mortality which allowed people to have less children and not some level of income. If 33% of your children are expected to die, which was norm just 200 years ago you tend to have more children. Countries where health care improved, children per capita naturally dropped
China one chid policy
?
Didn't they remove it recently ?
@@LoQOpa
Along with the fast-going urbanization and rapid increase in standard of living in the past two decades in China, consequently birth rate drops quite rapidly since 2000 (one of the traps of modernization). In 2016, the CCP Gov decided to flex its One Child Policy because the perspectives of sustainable young labor supply are declining fast for the next two to three decades.
It was impossible to enforce, and a waste of resources.