[Gaffer]

It will be a world in which ageing reinforces the changes in income distribution that new technology has brought with it: the skilled old earn more, the less-skilled of all ages are squeezed. The less-educated and jobless young will be particularly poorly served, never building up the skills to enable them to become productive older workers.

In the end, it boils down to how can we get rid of the baby boomers and still keep the cash they have saved?

Income 'distribution' is a euphemism for 'redistribution', bleats about a 'skilled-old' population ultimately translate down to "what does this mean to how we've so poorly educated our young for?" and the like. The ultimate self-interested conclusion is not blame ourselves, but blame others. Yeah, those older workers are more skilled, but we want more money, too. They shouldn't have it; we want it. And, we don't want to go through the real process by learning and working hard to get it honestly

[litehaus]

“And, we don’t want to go through the real process by learning and working hard to get it honestly”
Ah, come on....Our grandchildren can do each others laundry while others shine each others shoes,etc etc in the wunerful Service Economy of the future....
Maybe Ol’ Jim Rogers got it right—Buy Farmland and learn how to plant/harvest...won’t solve the problem of the starving paying you a visit however....

[Starboard]

Excellent comments.

The ole somethin’ fer nothin’ routine. Easier to take than earn.