I went to the PMPA Management update in Orlando the last week of February, and one of the speakers was an expert demographer named Ken Gronbach. The lecture made me feel quite grateful to be an American, and bullish about America’s position as a future global economic power.
Gronbach says that the labor force of United States has a bright future because we have a positive birthrate and a steady influx of Latinos coming into the country which keeps the U.S. population growing. Latinos have a strong work ethic, and assimilate relatively well into American culture. Spanish and English languages tend to accommodate each other, and Hispanics come from a culture with Judeo-Christian values.
On the other end of the spectrum, Gronbach says that China really screwed itself with its one child policy. The proliferation of sex selective abortions has limited the female population of the country to an alarming degree. According to the Web site for Discovery News more than 24 million Chinese men of marrying age could find themselves without spouses in 2020. The last year a study was conducted in 2005, there were 119 males per 100 females as reported by the newspaper Global Times. The total fertility rate in China is 1.54 (avg. births per woman in childbearing years). According to the 2000 census the TFR was 1.85 (0.86 for cities, 1.08 for towns and 1.43 for villages/outposts). The U.S. fertility rate on the other hand is 2.06.
Western European countries are also very frightened about population decline and have had to open up their borders to immigrants from the Middle East and North Africa whose culture often does not mesh smoothly with that of the native population. Italy and Germany have TFRs of 1.49 (2009) and 1.42 (2010) respectively.
In Eastern Europe, Russia has a GDP less than 1/12 of the U.S. and an average male life expectancy of 63. Not to mention the former Soviet countries have highest abortion rate in the world.
Question: Has legalized abortion affected the U.S. economy?