I forgot something

Realized I left out the most important part of my father's logic in my recent posting about his concerns for his children and grandchildren. That was the one on April 07, 2014.

I have rewritten to include the following:

Ah, but there is more. There were a great many Baby Boomers (that's why we were called the "boom"), but we tended to have relatively small families. Our children and grandchildren, in turn, had smaller families still—often one child or none. This means that a large and aging population has to be supported by a smaller and (in fact) dwindling one.

Alas, we are not finished yet. That smaller population of young people is in the midst of a vast social-economic-industrial transformation. For the first time ever, white-collar jobs are being automated. Machines are taking the place of "brain workers." Quite simply, as a nation we are not going to have many of the well-paying professional jobs that once guaranteed the existence of the Middle Class.