This is not normal
From Quartz, Nikhil Sonnad
The UK’s national statistics office recently released the latest data on baby names in England and Wales. It says the following: “Oliver remains as the most popular first name given to baby boys in England and Wales in 2016.” But that’s not really true. In fact, the most common name by far is Muhammad.
When people start to have some money they want to give an education and the costs of education are huge. so people have very few kids. This is a trend difficult to fight because the gap between highly education vs unskilled work is big, however if we compute the costs of education and the marginal taxes the high incomes pay and the years not making any money i suspect the unskilled worker takes more money home in their earning career.
i don't know what is the better track?
make little money every year, pay little taxes and start earning when you are 20
vs
Big money gross+huge taxes+few years making money (start making money on the 30's)+invest 500,000 gaining an education
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