
I suspect it will, but the cohort effects are probably different from the 1970s/1980s and it might not be as severe. At least I hope not - if we are to avoid the fate of Latvia. And we certainly don't need child-unfriendly changes to tax and social welfare policies that dis-incentivise couples having children. A mistake now being made in Latvia: leading one commentator to accuse the powers-that-be there of national futuricide.
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