Elon Musk Can’t get A particular drawback out of his head.
He runs a quantity of corporations — two of which, Tesla (TSLA) – Get Tesla Inc Report and SpaceX, are leaders Inside their respective fields Of electrical automobiles and space tech.
Musk is further occupied Collectively with his hectic $44 billion acquisition of microblogging website Twitter (TWTR) – Get Twitter, Inc. Report.
And he (and buyers) are contending with the Greater than 40% drop in Tesla’s shares since January. As of Might 24 That is knocked Greater than $77.6 billion off his particular personal fortune, Based mostly on Bloomberg Billionaires Index.
Nonethemuch less and all, The particular person finds time To fear about completely different factors.
For A pair of weeks now the tech tycoon has been sounding the alarm Regarding the proceedd decline of inhabitantss in rich nations As a Outcome of of collapsing delivery prices.
“Weak to stating The apparent, till one factor modifications to set off the delivery price to exceed the demise price, Japan will finally cease to exist,” Musk posted on Twitter on Might 7 TheStreet reported On the time. “This Is in a place to be An excellent loss for the world.”
The headquarters nation of Sony (SNE) – Get Sony Corp. Report and Toyota (TM) – Get Toyota Motor Corp. Report recently said thOn the inhabitants in 2021 declined by 644,000 from a yr earlier to 125.5 million people. And 2021 marked the Eleventh consecutive yr of decline.
Musk Fears Extinction of Italy’s Population
Since then, Musk hasn’t ceaseped posting messages that enhance alarms about declining inhabitants and That primarytain in thoughts youngsters. This drawback has Discover your self to be A particular personal concern. All by way of Twitter exmodifications on Might 24, The daddy of seven drew consideration to Italy, South Korea and Hong Kong.
Italy’s inhabitants is growing older, Based mostly on official knowledge, and Musk fears thOn the nation might die out.
“Italy. Regardmuch less of We now have A great welfare deliveryprice is failing 🥲,” posted cybersecurity researcher Andrea Stroppa, with a demographic-enhancement chart displaying the delivery price falling in Italy from 1946 to 2019.
“Italy Might Have not any people if these enhancements proceed,” the mogul responded.
The Number of deliverys in Italy fell in 2020 to its lowest diploma As a Outcome of the nation’s unification in 1861, Based mostly on Istat, the Italian Nationwide Institute of Statistics. This was the the Twelfth consecutive yr of decline.
It stood at 404,892, or 15,192 fewer deliverys than in 2019. The Number of demises rose to 746,146 in 2020 and the inhabitants decreased to 59.3 million inhabitants.
The decline proceedd in 2021, Based mostly on out there knowledge from January to September, with 12,500 fewer deliverys over the interval than Inside The primary 9 months of 2020. The typical Number Of youngsters per woman residing in Italy was 1.24 in 2020, Definitely one of many lowest fertility prices On the earth.
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The covid-19 pandemic largely explains the drop.
Aside from Italy, Musk estimates thOn the inhabitantss of South Korea and Hong Kong are declining at fearing prices.
“South Korea and Hong Kong are experiencing the quickest inhabitants collapse,” the Tesla CEO wrote.
He added that with World Financial institution knowledge displaying the nations with The backside delivery prices, “2.1 youngsters per woman is alternative price.”
Do Rich People Have Fewer Kids?
The billionaire seems decided To make the most of his platform — He is presently In all probability the most influential CEO On the earth, has almost 95 million Twitter followers and is wooed by politicians — to shine the spotlight on this problem and push for a broader world response.
Collectively with sounding the alarm, Musk furtherly seems To want to buck The conventional information That It is the worth of dwelling That daunts some people from having youngsters.
“Opposite to what many assume, the richer somephysique is, The much less youngsters They’ve,” the serial entrepreneur argued. “I am a unusual exception. Most people I do know have zero or one baby.”
When Billy Markus, the co-Founding father of the meme coin dogecoin, noticed that “truthfully The primary set off For that is people can’t afford to have youngsters 🤷♂️,” Musk objected.
“Then why is it thOn the richer somephysique is, The much less youngsters They’ve?” he responded.
Musk furtherly seems unconvinced by the effectiveness of The numerous insurance coverage policies put in place To purpose to halt inhabitants decline.
“okay so whyd you come out in the direction of Construct Again Greater which had common pre-k, babycare investments, baby tax credit rating, paid household depart, and so on?” a Twitter consumer requested the tech tycoon.
“None of these packages show To Increase fertility levels,” ancompletely different consumer answered. “Most European and East Asian nations have all these insurance coverage policies They typically have fewer youngsters than we do.”
An opinion shared by Musk: “Precisely!” he said.
For him, To unravel the collapse of the inhabitants, which he describes as “The Most very important menace to civilization,” we should start by celebrating youngsters.
“We simply Want to celebprice having youngsters,” he said.
Source: https://www.thestreet.com/technology/elon-musk-sounds-alarm-about-italy-hongkong-southkorea