Thursday, March 4, 2010

Family Planning and Economics

Today I watched a pretty interesting video in YouTube. It was about how planning a family can help you save money. Moreover, it was hilarious : a condom with a shrill voice was explaining it.
The video started with a couple (Hank and Debby) in univeristy as an example. They were very in love and decided to take their relationship to the next level. Then, the narrator explained that some universities in the United States provided condoms in their vending machines though students are not buying them. This results in loss for the universities. For example, Brown University loses $6 per each condom that is not sold. Later, Debby got pregnant and the narrator talked about the marginal cost; a 3-pack of latex condoms is about $5 and abstinence is pricelss while early pregnancy abortions unfortunately can cost from $350 to $600, but if it is a late second trimester procedure it can cost up to as much as $3'000 and going through with having the baby and raising the baby , it would cost at least $410, 848 ! Now, $5 does not seem like much money, does it?
Now, if they decide to have the baby, and Debby leaves school, she is giving up the opportunity to continue in her education to earn a degree and become a successful doctor or whatever she wanted to be. Therefore, she won't have a enough challenging job. If she had not quitted school,had finished university and had found a good job, she could have earned (in average) $22, 218 per year.
Furthermore, a country's economy may be improved as well with the production of any birth control method. If people started to think beyond and decided to spend $5 in condoms, they will save a lot of money and time. Also, if some teenagers had not quitted school because of pregnancy, the world would have more prepared people to contribute in many jobs, there would be more competition and people would try hard to do more and be the best they can be.

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