the opportunity cost of a parent in the 3rd world is negligible. income is very low as it is. theres not.much to do to make $$.
therefore, the benefit of parenting is MUCH higher, and the cost of raising a kid itself is low to zero , and in some cases positive (kids work on fielda or take care of siblings, therefore ROI is positive).
contrasts this with USA, where the opportunity cost of a developer to raise a kid is in the 200k level. ok so now what about alternatives for parenting?
well everything is regulated (daycare, schooling , extracurriculars), or hyperinflates (real estate), and every activity carriea an institutionalized bloat of an effective ponzi...to the benefit of the prior generation seniors in every activity.
So now what do you do? If raising kids is negative ROI and doing it yourself has a huge opportunity cost?
Is it a coincidence that wealthy families in wealthy contries like in Singapore, have more kids on average?
opportunity cost.
the opportunity cost of a parent in the 3rd world is negligible. income is very low as it is. theres not.much to do to make $$.
therefore, the benefit of parenting is MUCH higher, and the cost of raising a kid itself is low to zero , and in some cases positive (kids work on fielda or take care of siblings, therefore ROI is positive).
contrasts this with USA, where the opportunity cost of a developer to raise a kid is in the 200k level. ok so now what about alternatives for parenting?
well everything is regulated (daycare, schooling , extracurriculars), or hyperinflates (real estate), and every activity carriea an institutionalized bloat of an effective ponzi...to the benefit of the prior generation seniors in every activity.
So now what do you do? If raising kids is negative ROI and doing it yourself has a huge opportunity cost?
Is it a coincidence that wealthy families in wealthy contries like in Singapore, have more kids on average?
How do you explain that aberration?