https://ourworldindata.org/fertility-rate#what-explains-the-...
> Educated, empowered women with access to family planning facilities have less children if they have any children at all
This has nothing to do with wealth inequality. This does have to do with optimizing for wealth accumulation. Possibly something to do with Quality of Life, wherein children used to improve it comparatively, while now they are more of a risk proposition. For people in poverty, they are a (subsidized) source of income, which is unfortunate.
Birthrates are plummeting even for low income households, and I would bet it has something to do with Affordable Care Act of 2010 greatly increasing access to birth control by making it free. From the women I have spoken to, it is almost a no brainer to get an IUD.
https://www.statista.com/statistics/562541/birth-rate-by-pov...
I think societies are about the find out the real price of having babies now that they are not simply a byproduct of sex or women not having power.
Can you expand on that, I'm not sure I follow?
The caveats in the parenthesis are almost unnecessary though, since we are seeing declines in birthrate across all incomes/wealth levels around the world. I think we will see very, very few women choosing to have more than 3 kids, or even 3 kids. I actually only know of 1 couple with 3 kids, everyone else has 0, 1, or 2, and I am in mid 30s.
A relevant number would be the difference between income and the marginal cost per child.
It's incredible recently, and still only in some countries, where children are in the liability area. By and large for all human history, children where a utility. More or less free labor to help support the family.