The baby boom started immediately after the Great Depression. I think that what happened is that the depression wiped out the rich, and the mega-corps of the time, and leveled the playing field by a lot.
The Googles and Facebooks of the time were destroyed, and there was a vast green field on which people tried to build new empires.
Nobody cared if you went to Yale or Oxford, or were related to the upper management somehow, they just hired based on ability.
For a brief period the American Dream was real: work hard, work smart, and you'll get far.
So people worked hard, and rather than having their job stolen by ofshoring or AI, they get compensated well. They spent that money on houses, and then... they didn't know what else to do. They had everything they needed. Money in the bank. Investments. Stocks. Bonds. Might as well have a big family, too.
So that explains what caused it. What would it take to have another? We're currently having one in another part of the world.
The Googles and Facebooks of the time were destroyed, and there was a vast green field on which people tried to build new empires.
Nobody cared if you went to Yale or Oxford, or were related to the upper management somehow, they just hired based on ability.
For a brief period the American Dream was real: work hard, work smart, and you'll get far.
So people worked hard, and rather than having their job stolen by ofshoring or AI, they get compensated well. They spent that money on houses, and then... they didn't know what else to do. They had everything they needed. Money in the bank. Investments. Stocks. Bonds. Might as well have a big family, too.
So that explains what caused it. What would it take to have another? We're currently having one in another part of the world.