00:00Taiwan's population of 23 million is shrinking, thanks to one of the world's lowest birth rates,
00:06and the government says that's a big problem.
00:19In an address marking two years in office,
00:23Taiwan President Lai Ching-de announced expanded subsidies of about $150 per month per child
00:29through the age of 18. He says this will help lessen the financial burden parents face.
00:35While some child care policy experts welcomed the move,
00:38others said that a cash subsidy could actually make things worse for some parents.
00:58This policy advocate says a similar subsidy in Poland had limited results in boosting the birth rate,
01:04and even reinforced traditional gender roles. But the biggest cost of having children may not be money.
01:11Some young Taiwanese brought up concerns about the toll raising kids takes on their personal lives and career ambitions.
01:17I think money is a part of the problem, but I think the biggest part of the problem is to
01:24take care of the child's energy,
01:26and to give a huge amount of energy.
01:29So now people may think that their life is too busy,
01:32and they still need to travel, etc.
01:36That's the lack of energy to lose the child's energy.
01:39No, I don't think it's necessary to take care of the child's energy, but I think it's necessary to take
01:43care of the child's energy and care of the child's energy.
01:53Policy advocates agree that giving prospective parents the time to be parents
01:58is one of the most important factors in increasing the birth rate.
02:01Known as time poverty, it affects families disproportionately, and is something that money can't fix.
02:08The government has plans to improve work-life balance, and to encourage workplaces to offer flexible child care leave policies.
02:27And the labor ministry says it's working on giving funding to companies to compensate for the lost labor when parents
02:34take leave.
02:35But until these prospective parents see real change,
02:38young people will keep thinking seriously about whether or not they even want to have children.
02:43Patrick Chen, Irene Lin, and Tiffany Wong in Taipei for Taiwan Plus.
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