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Notes -
Japan didn't. The US had a dead cat bounce around the late 90's-early Aughtsas the Boomers had half as many kids as their parents; note that this did not manage to reach replacement level, even at its peak, before collapsing downward again. The trend has continued down since. Ditto the UK. These "mini-baby booms" - and dramatic emphasis on "mini" - are artifacts of the Boom generations finally getting around to having kids, having both delayed and having far fewer children than preceding generations, and the trends for subsequent generations fit the pattern.
There's a reason why Lasch felt the need to publish The Culture of Narcissism in '79, as by that point the writing was sufficiently on the wall that it could no longer be ignored.
As I mentioned in my post, the Post WWII "Baby Boom" was more a return to normalcy after the Great Depression and the boys being shipped out to war; total births peaked in 1957, and TFR peaked in 1960 (note the free-fall immediately after '60). Worth noting that the term "Parasocial Relationship" was coined in 1955; bored suburban housewives whose kids were in school all day and had no immediate relatives nearby began thinking the characters on the TV were their friends. This happened 60+ years before we started asking why kids thought Twitch streamers were their friends; the smartphone didn't do this, atomization did.
The Industrial Revolution caused the population to explode by dramatically reducing childhood mortatility and letting people live far longer; it did not due so by making Jack and Diane fuck more often than rabbits. In fact, cities still showed lower births per family, as they have always historically done. This is so consistent that Spengler mentions it as a law of civilizations in The Decline of the West, and he was basing this on antiquity, long before even television, let alone smartphones.
The most we can say about technology - and also the favored bugaboo, financial precariousness - is that it's not helping things, but it's not the cause. I'd go so far as to say tech is downstream of the root cause; we were already atomized, and demanded amusements be made for us
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