Elon Musk isn't the only CEO thinking about falling birth rates [Fortune]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Fortune
As expected, the spotlight gravitated to familiar names and topics like the timing of future rate cuts. Citadel CEO Ken Griffin predicted the Fed will cut rates this year, while New York Fed President John Williams said cuts would come “eventually.” What's fascinating is how some of the more existential trends are being discussed. Elon Musk, father of 11, talked about falling birth rates leading to “a civilization that ends not with a bang but a whimper, in adult diapers.” Declining fertility rates, much like climate change, are slow-boiling trends that are easy to ignore until they reach a tipping point, causing higher costs and lower growth. But new technologies could alter how demographic changes play out, as could reimagined public policy, job design, and immigration. Fewer people can mean fewer opportunities to build wealth. But fewer people also need fewer resources. What matters is the mindset of those most impacted by this shift. That's a focus for Penny Pennington, mana
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