It's a good song, but there is plenty of music just as good being made now. Not necessarily in the same style - it's very, very seventies and there's a particular sound to that. The strings are incredibly schmaltzy at times, but it makes sense at the end. I'm not sold on the chorus though, it's a bit of a nothing.
In terms of the idea that they "don't make lyrics or music like this now" - in a literal sense, you're right. Storytelling-style songs are extremely out of vogue, and so is the piano-strings-and-sax arrangement. But that doesn't mean that there aren't lyrics just as meaningful, or as good, or arrangements as excellent.
