Only if we also manage to increase education. It appears the more you know, the less you are likely to have children. Combined with the pill, this is indeed a recipe for extinction, albeit slowly.

I sometimes wonder, but have never researched, if the long-term consequences of the pill were considered before aprooving it. Hell, dont get me wrong, its very very convenient. But the question is, will it kill humanity in the long term. Statistics on birth rate in the west definitely confirm that now.