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The world's massive human population is leveling off. Most projections show we'll hit peak humanity in the 21st century, as people choose to have smaller families and women gain power over their own reproduction. This is great news for the future of our species.
And yet alarms are sounding. While environmentalists have long warned of a planet with too many people, now some economists are warning of a future with too few. For example, economist Dean Spears from the University of Texas has written that an "unprecedented decline" in population will lead to a bleak future of slower economic growth and less innovation.
But demographers I spoke with say this concern is based more on speculation than science. A dramatic collapse in population is unlikely to happen within the next 100 years barring some new plague or nuclear war or other apocalypse. And if we need more creative minds in the world, we could stop doing such a terrible job of nourishing and educating the people we're already producing.
Predictions about future population levels that don't come with wide margins of error should always be taken with a grain of salt. Joel Cohen, a mathematician, biologist and demographer at Rockefeller University wants to see population projections treated like a real science with a proper accounting for uncertainty. We don't even know the exact number of people alive now, he points out. When the U.N. declared we'd surpassed 8 billion on Nov. 15, 2022, it was a "publicity stunt," he says.
The uncertainty in counting world populations is at least 2% — which adds up to about 160 million people or more. Since the world population grows at most by 80 million a year, we could have hit 8 billion two years earlier, or it might not happen until 2024.
Benjamin Franklin first recognized populations can grow exponentially, and forecast that the American colonies would double every 25 years. In 1798, English economist Thomas Malthus applied this principle globally and wrongly predicted this growth rate would continue until we ran out of food and civilization collapsed.