The world needs more humans

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Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University.

How worried should we be about global depopulation? Some East Asian countries have fertility rates near or even below 1.0, while much of the core population of Europe is shrinking. In the U.S., fertility rates have fallen below replacement rates, hitting a historic low of 1.7 in 2019, and will likely fall even further in 2020 in part due to COVID-19. Many of the world’s poorer countries are seeing their birth rates plunge at unprecedented rates. By the year 2100, according to one projection, world population growth will be practically zero.

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