According to Emory University economist Jeff Rosensweig, the United States is currently enjoying an unprecedented bounty of live births.
“We’ve had more babies born in the U.S. in the past two years than at any point in history, including the peak of the baby boom, 1957,” Rosensweig said.
And what does that baby boom have to do with economic growth?
“Think of the demand that’s going to be created for teachers, for high-quality day care,” Rosensweig said. He also noted that an aging population will need nurses, doctors, pharmacists and physical therapists, among other health care specialists, to take care of us. That will fuel job growth, too.
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