It's been noticed worldwide that as a country's real GDP per capita grows, the birth rate goes down.
So there's an inverse correlation between births and purchasing power for the local population:
Source:
https://en.wikipedia.org/wiki/Income_and_fertilityWhat's your theory on why that might be happening?
My view on the matter is that while expectations for living standards rise as an economy grows, the advantages of a better performing economy rarely trickle down to the working class population. And under this environment, bringing up a child becomes a huge responsibility for a family. Let alone two or three...
Think about it, nearly any government in the west has the resources to sustain a worthy public education and university system, free healthcare for all children and even free amenities like sports for kids, after school occupation...But our governments simply chose not to.
From giving birth to taking your kid for medical checkups, medicine, all the way to complementary tutoring, sports and college, much of the financial burden if not all of it, falls to the parents. So instead of having many kids and then having to choose between them on who's going to go to college, or do sports, or even have regular medical checkups, people opt to only have one child or even none. And this is a phenomenon even in the countries with a more socially conscious state. Even in Scandinavia which is supposedly praised for its social system, people still have to rely on for-profit companies for basic stuff like health, medicine, transport, childcare etc. that their children need. Which makes the costs of having many children while maintaining a decent living standard for all of the family prohibitive. And yet we get politicians to comment on declining birthrates all the time...
Seriously, if any politician honestly wants to contribute to birth rates, they should make all people feel like they can rely on public infrastructure again. Get the state to invest in anything needed to bring up a child and make access to all these services necessary to bring up a child free and uninhibited. You'll see then how people once again feel comfortable to bring up more children.