The last post on my Harry Dent Jr. speech note-taking, made me curious. I visited his website http://harrydent.com/ and played the opening video, which in few minutes, I had to subscribe to be able to view the latter... I paused when I could not grasp during his slide on a picture of a baby.. thus, I googled the relationship between economics and baby. Which interestingly lead me to an article in wiseGEEK: What is the Relationship Between Population and Economic Growth.
So, in the article I would like to point out:
- the obvious is, without consumers, may lead to no economic growth
- couples expecting baby coming in their lives may save money until baby is born - removes money from market - save money in bank - not much is spent
- any income made, will go to families or saving account - thus, the individual is interested in earning money
- child grows - parents likely spend on goods and services for child's development
- later in life, the child will become tax-payer, consumer, investment
Another article, Let's Talk About Sex: Why More Babies Means More Economic Growth by Jerry Bowyer, which a simpleton like me couldn't grasp much, what I can relate is toward the end of the article, "By the time all of those nations of dual-earners-one-kid realize that they're about to become nations of dual-pensioners-one-earner, it's already too late."
And some interesting comments:
Try not to cry...
Oh.. the happy song ended 30mins ago..
And I was so touched by these information.
Economics...
