foolguinea is correct: the dose makes the poison.
But to answer the OP:
As long as women desire to have kids, lesbian couples can procreate via the turkey baster (or through artificial insemination). Male couples could either arrange for surrogate parents, attach themselves to lesbian couples, form Kibbutz’s where parental care is shared, or opt for having no children.
In the short run, population growth would decline, which would be noticed. If it turned negative, there would be a call for a more aggressive pro-natal policy. Environmentalists would oppose this, saying that negative population growth would be a good thing until the population stabilized at, say, 500 million.
Swarmy journalists would site some studies which would show that the real problem is not that we will have a population collapse -that won’t happen for x hundred years- but that we’ll have a demographic bulge that interferes with caring for the elderly.
Environmentalists will respond that we have to raise our savings rate.
Since the only reliable method of raising the national saving rate is large and consistent budget surpluses, this path will not be taken.
Over time, though, large tax deductions would be granted to those supporting dependents. This will lead to a large increase in a particular form of tax fraud and a smaller increase in the birth rate.
More debate will ensue. Maybe we need to spend more on nationalized child care. Eventually we would muddle through.
On the margin, though, a little more homosexuality and little less pro-creating would be a good thing, given the limited carrying capacity of the planet. Roughly speaking.