I said it before and I'll say it again ....
It's not about the quantity of life
It's about the quality of life
If you make the world a capitalistic hell hole where people are constantly worked to the bone without much reward and no time to enjoy their lives, then chances are, they won't be motivated or even healthy enough to want to have children. In the premodern wild, people had many children because they had time and they knew that conditions had the possibility of improving in the future. Sure, many of their children died but they knew that the ones who did survive would have a chance to survive if they worked hard enough because they knew their work would be rewarded.
In our current world .... you can work until your hands fall off and you won't be rewarded. More and more people are realizing that they don't want that for themselves so why should they do that to their unborn children?
The conditions for humanity are falling everywhere and people are so compassionate for their children that many of them feel like they don't want to bring their children into this hell hole we've created if 99.99% of everyone has no chance at a good life.