Yes, it's a very complicated situation though. I see a few causes among my peers:
-College alone, except for a select few schools and/or majors, is no longer a strong signal for getting jobs. My wife went to a good state school and studied Philosophy in undergrad, but had trouble finding good work. She ended up at a top law school, starting her career at a big law firm when she was 25. More post-grad education isn't necessarily bad, but it often leads to debt and delays independent adult life milestones.
-Less loyalty from company to employee and vice-versa compared to years ago. Hiring generally bright people and training them up to work for a decade plus is unheard of today at most companies. I was lucky to get my job out of undergrad and move up the ranks. Many of my peers had to hop jobs and cities.
-Geographic bifurcation of haves vs. have nots and tech eating the world. The best jobs are concentrated at fewer companies, mostly in very expensive cities like with high housing costs. Around the smaller city where I grew up, baby boomers in middle management could earn good salaries, but there were few good entry-level jobs. People move away from home for a career. Having kids means expensive childcare or one partner giving up a job/taking less lucrative work. In the "good old days", extended family would help with the kids and it was easier to get by on one salary.
-This will sound controversial, but availability/acceptance of hedonistic pursuits: world travel, casual sex, drinking/drugs/partying, video games, porn, etc. I'm sure the Tinder era makes this even easier. On a more banal level, when I was single, I rarely cooked a meal for myself or even did laundry. Eventually this felt empty but it was a siren song at the time. There's very little social/peer judgment telling you to "grow up." I could still live like this today if I wanted to. I'm not a Ned Flanders type: It was mostly fun, but I do think extended adolescence can extend a bit too long.
Anyway I don't really like to preach to people. Raising a family is hard work, and it's a full-time 100% always-on commitment, even more than that finance, tech or big law job. It might not be for everyone. I will say for the people who want to some day, but want just this one trip to Machu Picchu on their Instagram, one more notch on the headboard, one more Michelin three-star tasting menu, one more good bonus/promotion, etc. etc. to just take the leap.
I’m also not inclined to tell people how they should live their lives, but this is the one issue that seems important enough to me. The stakes are high (human lives are in the balance) and it seems like hedonism and self involvement are the main things I see preventing people from having kids. Basically I want to shake people and say, “Forget about your vacations and highly cultivated lifestyle. None of that matters in the end, so you might as well give it up to make some new people.”
Most people know this on a visceral level. If you only live for yourself, you'll never be satisfied: There's always someone with more. I definitely had some kind of seeking feeling but couldn't put my finger on what I was missing. Nobody really told me what to do.
The decline of organized religion might play a part? These communities provide a purpose beyond the self through volunteering/charity, steer their members to start families, and provide role models/mentors for younger men & women to model.
IMO, the rise of extreme ideologies is telling. Rudderless people are so desperate for a moral code and sense of belonging that even alt-right neo-Nazis look like an attractive option instead of a sad joke. I'm not sure what type of positive community fills this need today. I'm not a religious believer, nor are most of my peers. I volunteer at a food pantry, but the volunteers are kinda transient and it doesn't feel like a cohesive group.
-College alone, except for a select few schools and/or majors, is no longer a strong signal for getting jobs. My wife went to a good state school and studied Philosophy in undergrad, but had trouble finding good work. She ended up at a top law school, starting her career at a big law firm when she was 25. More post-grad education isn't necessarily bad, but it often leads to debt and delays independent adult life milestones.
-Less loyalty from company to employee and vice-versa compared to years ago. Hiring generally bright people and training them up to work for a decade plus is unheard of today at most companies. I was lucky to get my job out of undergrad and move up the ranks. Many of my peers had to hop jobs and cities.
-Geographic bifurcation of haves vs. have nots and tech eating the world. The best jobs are concentrated at fewer companies, mostly in very expensive cities like with high housing costs. Around the smaller city where I grew up, baby boomers in middle management could earn good salaries, but there were few good entry-level jobs. People move away from home for a career. Having kids means expensive childcare or one partner giving up a job/taking less lucrative work. In the "good old days", extended family would help with the kids and it was easier to get by on one salary.
-This will sound controversial, but availability/acceptance of hedonistic pursuits: world travel, casual sex, drinking/drugs/partying, video games, porn, etc. I'm sure the Tinder era makes this even easier. On a more banal level, when I was single, I rarely cooked a meal for myself or even did laundry. Eventually this felt empty but it was a siren song at the time. There's very little social/peer judgment telling you to "grow up." I could still live like this today if I wanted to. I'm not a Ned Flanders type: It was mostly fun, but I do think extended adolescence can extend a bit too long.
Anyway I don't really like to preach to people. Raising a family is hard work, and it's a full-time 100% always-on commitment, even more than that finance, tech or big law job. It might not be for everyone. I will say for the people who want to some day, but want just this one trip to Machu Picchu on their Instagram, one more notch on the headboard, one more Michelin three-star tasting menu, one more good bonus/promotion, etc. etc. to just take the leap.