I’ll be attacked for saying this, but in my opinion this country is underpopulated. Very much so.
In my own little “micro economic zone” of about 50 miles by about 150 miles, there are a million people. Surrounding it on all sides are miles and miles and miles of country just like it where you hardly see any cows, let alone human beings, and it’s good land, with good highways, plentiful water. You name it. But no people. Anything shipped in or out of here has to go a long, long way to other population centers. The next nearest one is about 3 hours away, driving briskly and never stopping. Lack of population is one of the reasons transportation (and thus energy) usage in this country is so high. It takes a lot of hauling to get people and goods to all the places they need to go.
I recall reading, some years ago, that if the tax deduction for children was (adjusted for inflation) what it was during Truman’s time, it would be $20,000 for each child. Of course now that the government absorbs more and more and more of peoples’ productive capacities, and promises more still, it’s pretty disuasive to people to have children.
We’ll pay the price, for sure, and very soon.