Billionaires demand more babies but make parenthood unaffordable

Billionaires like Elon Musk are publicly calling for increased birth rates, but their economic policies contribute to making parenthood unaffordable. Across Europe, real wages have stagnated while the cost of housing, childcare, and basic living expenses have risen, leading to a decline in fertility rates. The article argues that low birth rates are a predictable outcome of an economic system where people are underpaid and overworked. These same figures who lament demographic decline also advocate for policies like wage restraint and deregulation, which exacerbate the financial strain on families. The article suggests that these policies create an environment where having children becomes economically irrational for many households.

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