Saturday, August 16, 2008

The Parent Trap.

Children used to provide cheap labor, and retirement security, all in one. Now they're pretty much all cost and no return, from a financial perspective. That suggests that subsidies might solve the problem. Vladimir Putin thinks so, as he plans to offer generous parental benefits to encourage citizens to have more children, something that's necessary as Russia's population is in absolute decline. (Italy, which is also in demographic free-fall, is doing something similar).

No comments: