Global birth rates have fallen from five children per woman in the 1960s to just above two today, with dozens of countries now well below the replacement rate of 2.1—including South Korea at 0.7. The episode examines why this is happening (education, women's opportunity, lower child mortality, urbanization), why it matters beyond simple population math (aging workforces, pension systems built on growth, a transition with no natural endpoint), and why nothing governments have tried—from Nordic-style childcare to cash incentives—has actually reversed the trend. Rather than apocalypse or liberation, the conversation settles on a harder truth: millions of people say they want families but face real squeezes in housing, childcare, and work that push them toward fewer children, and the useful question is what's standing between people and the families they already want.
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