Elon Musk

Elon Musk Plans to Increase Childcare Benefits at His Companies while Musk Foundation Plans to Donate Directly to Families

Elon Musk Plans to Increase Childcare Benefits at His Companies while Musk Foundation Plans to Donate Directly to Families

Photo: WANG ZHAO/AFP via Getty Images

Elon Musk's companies are planning to increase childcare benefits to make employees feel relieved and supported. The Musk Foundation also plans to donate directly to families. These steps should encourage families not to give up on having children, as population collapse is a serious problem.

Tesla CEO Elon Musk has been very focused on the problem of falling birth rates for some time now. This is one of the biggest risks to civilization. “I think one of the biggest risks to civilization is the low birth rate and the rapidly declining birthrate,” Musk said at the Wall Street Journal’s CEO Council Summit in December 2021. “And yet, so many people, including smart people, think that there are too many people in the world and think that the population is growing out of control. It's completely the opposite. Please look at the numbers—if people don't have more children, civilization is going to crumble, mark my words," he continued.

“We should be much more worried about population collapse,” Musk tweeted in January 2022. “UN projections are utter nonsense. Just multiply last year's births by life expectancy. Given a downward trend in birth rate, that is best case unless reversed,” he stated. “If there aren’t enough people for Earth, then there definitely won’t be enough for Mars,” he added.

In addition to a number of other reasons, insufficient financial status is often a deterrent to couples having children. Raising a child requires thousands of dollars a month for food, clothing, care products, and kindergartens and schools, which is especially difficult in the face of continuing inflation in the United States. That is why some people may refuse to have children. However, additional financial support could help partially solve the problem.

Elon Musk said on Twitter on Friday that he plans to significantly increase childcare benefits at his companies to encourage people not to give up the joy of parenthood because of the financial issue. He wrote that he hoped to provide more details on the matter next month. Musk also expressed hope that other companies will follow suit and support this initiative.

In addition, Musk Foundation will also take part in supporting parents. According to the head of Tesla and SpaceX, his foundation plans to start making donations directly to families. No further details have been revealed on this matter. At the moment, the Musk Foundation is working quite covertly, never loudly advertising its charity as some others do. The big media also never show any interest in the good the foundation is doing, and only individual journalists from small publications or blogs cover it.

“Kids are worth it if at all possible. I'm planning to increase childcare benefits at my companies significantly.

Hopefully, other companies do the same.

Also, Musk Foundation plans to donate directly to families.

Hopefully, details to be announced next month.”

© 2022, Eva Fox | Tesmanian. All rights reserved.


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Article edited by @SmokeyShorts, you can follow him on Twitter

About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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