The Demographic Cliff
The demographic cliff - a controversial idea that declining population growth will trigger economic disaster. But is it real or just sensationalized clickbait pushed by those with an agenda?
Investment advisor Harry Dent popularized demographic cliff fears in the mid-2000s to sell his financial advice (and a book, of course). From there, it became a favored trope in education, where school administrators - from K-12 to college - worried about not having enough enrolled students. Recently, concerns have shifted to plummeting birth rates in South Korea, China, and Canada. But throughout history, similar narratives have repeatedly stoked moral panic about changing demographics - from Gen X’s alleged lack of work ethic to Millennials' supposed disinterest in homeownership and parenthood. Cutting through the hype, Farrah and Adam expose who gains from pushing demographic doomsday myths and why resisting these misleading narratives matters.
Mentioned Resources:
- Harry Dent's book "The Demographic Cliff": https://www.amazon.com/Demographic-Cliff-Survive-Prosper-Deflation/dp/1591847273
- New York Times article on China's demographic challenges: https://www.nytimes.com/2023/01/16/business/china-birth-rate.html
- Why Pew Research Center is no longer reporting on generations: https://www.pewresearch.org/short-reads/2023/05/22/how-pew-research-center-will-report-on-generations-moving-forward/
- New York Times Op Ed on the population of school-aged children dropping: https://www.nytimes.com/2023/06/14/opinion/declining-enrollment.html
- National Post article on the Canadian birth rate drop off: https://nationalpost.com/opinion/canadas-birth-rate-has-dropped-off-a-cliff-and-its-because-nobody-can-afford-housing
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