No, this interpretation is too convenient for them.
Stop creating lives you're knowingly unprepared to provide for.
This is a personal indictment, not a systemic one. It specifically treats births as the problem, not wages.
I do not have children, nor do I plan to—I have way too many video games to play. However, I am not so stupidly suicidal as to suggest that it is morally superior of me to be a zoo panda—or to pretend that it is global warming stopping me from participating in the same desperate struggle for life that my great ancestors did when driving their feet through mud and soil to chase antelope.