Elon Musk has highlighted a pivotal concern grappling Asian countries -- declining fertility rates and a rise in ageing populations. It has prompted governments to pump billions, while Singapore has turned to robots to plug the manpower gap.
"Singapore (and many other countries) are going extinct," tech titan Elon Musk tweeted, highlighting a pivotal concern grappling several Asian countries -- declining fertility rates and a rise in ageing populations. Musk, who has urged people to have more babies to prevent a global population collapse, was responding to an article on Singapore's "baby crisis". The trend has mirrored in countries like South Korea, Japan, Hong Kong, and China. India is also on an equally concerning path.
The development has prompted governments to pump billions into policies to convince women to have more children, while tech-savvy Singapore has turned to robots to plug the manpower gap.
Till the 1970s, women in countries like South Korea, Japan, and China had more than five children on average. Now, on average, each woman is having fewer than one child in these countries. However, fertility rates have decreased worldwide as a whole as well in the past 70 years, seeing a 50% decline.