I think we're already "procreating to a reasonable extent," where "reasonable" is defined in a context where many of us aren't in a stable enough financial situation to responsibly have kids. An alternative phrasing would be "might be able to buy houses and start families."

> If we see significant wage increases and Real Estate decreases, the millenial generation might start to procreate to a reasonable extent.

The leading edge of millennials are already way out of their best reproduction years. Middle's very much iffy. The youngest are OK but will be starting to enter that "your risk of complications and birth defects are increasing a ton year over year" territory soon.

> Actually there are more millenials than baby boomers. If we see significant wage increases and Real Estate decreases, the millenial generation might start to procreate to a reasonable extent.

And cheat on Capital?

Eh, not really. I mean, yes, but no. Based on terminology, I'm going to stick with the US demographic. In that setting, the peak 5 year bracket of millennials is currently 7.2% of US population and 23.8M people against a world background of 7.8B people. The boomer peak at the same age was was 8.4% and 22.7M people against a global population of 5.9B. So, yes, there are quantitatively more millennials now, and the number of millennials is larger at the same cohort timepoint, but as a fraction of population, they're smaller and will have a smaller effect on global affairs.

Globally, it's a bit different, the bulge of millennials is in fact larger by all measures, but that bulge isn't really driven by the US or Europe, it's the Middle East, and to a lesser extent, East Asia.

https://www.populationpyramid.net/united-states-of-america/2...

https://www.populationpyramid.net/world/2021/

https://www.populationpyramid.net/united-states-of-america/1...

https://www.populationpyramid.net/world/1997/

Big ifs attached to a short fuse