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Notes -
Italy’s birth rate is decreasing further to 1,2:
https://archive.is/T6thJ
The article notes that Meloni is herself a single child, but fails to mention that she also only has a single daughter. Still the low birth rate is a core issue for her and her right-wing coalition, but as in leftwing governments elsewhere they can’t find policies to reverse course.
Having kids is high status among the rich. I’m not sure how widespread this knowledge is but in wealthy social circles in NYC, London etc being able to afford 4 kids is probably the biggest status marker, since each additional child (including the first) is a few million in costs (once larger housing, 15 years of private school tuition, more rooms on vacation, flights, clubs, college etc are accounted for). If you see a 32 year old secular mom who has 4 kids in Manhattan, you’re looking at someone who has a lot of money.
The problem is that as you say, a DINK couple making $350,000 a year together would have to make like $1m a year or more to have the same lifestyle with 4 kids, assuming they intend to raise them in the manner normal for the upper-middle class.
Because they've outsourced the child raising - a nanny is a must, and if you have more kids then maybe two nannies. An au pair. Some kind of domestic help. We're going back to the days of the parents only see their kids when they're brought down from the nursery to see Mama and Papa for a few minutes before dinner. To quote Belloc's satire on "The Nordic Man":
The brutal truth is, if you want more babies, then ban abortion and contraception - see all the screaming** about forced pregnancy - and that didn't turn out too good for Romania either.
Economy is such that to be able to afford a house, or even renting, you need a dual-income couple. If Mom and Dad have Careers and not just jobs, it becomes more and more expensive to have kids. Cost of childcare* is high, but Mom needs childcare because she can't afford to stay at home looking after the kids herself. If you want your kids to do well in life, then increasingly they have to be "skilled knowledge workers" as someone in another thread said, and that means pouring resources into making sure they go to good schools and do the right extracurriculars to get into the good university for the degree that will open the door to the good jobs.
Being SAHM has been downgraded to the idea of being a drudge and indeed, hampering society - go out there and be Economically Productive in the Workforce! The same governments anxious about falling birth rates are also anxious about getting more women out to work.
*And it's high because it's not a simple matter of "put a bunch of babies in a room, give them the occasional bottle and nappy change".
**And I do mean screaming, see this breathless paper on the worst case scenarios where emergency care medical staff are now the equivalent of the French Resistance fighting the Nazi occupation because every single woman who can't get an abortion is now a medical emergency who will die from the nightmare event.
It really doesn't mean that at all, plenty of skilled knowledge workers have degrees from non-prestigious colleges. This is a myth that the PMC has bought into fully.
American PMC I would say -- there isn't really even such a thing as prestigious colleges in Canada/Europe. (I mean there kind of is, but nobody will hire you because you went to Queen's instead of UofA)
England is something of a special case in that the prestigious colleges are something of a class marker as well -- my impression is that this is mostly impactful only for certain types of job however.
McGill comes immediately to mind. They at least think they're prestigious.
Nobody cares that you went to McGill though -- maybe the odd lawyer who also went to McGill. It's the Harvard of Canada, but that doesn't make it Harvard.
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