In 2020, the U.S. birth rate fell to its lowest level in 35 years, well below the requisite 2.1 babies per woman required to sustain our population through birth alone. “What we learned from the Great Recession is that every 1 percentage point increase in the unemployment rate reduces births by 1 percent,” said Wellesley College economics professor Phil Levine. His research implies there will likely be a Covid baby bust instead of a baby boom in the U.S. That will mean fewer American-born workers and consumers, which could slow…

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