Ageism and salary

[Anonymous]

Older people also are perceived to use more health care and are accruing more 401k matching funds. Just more expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Ha ha you think 23 years olds work 14 hour days.

[Anonymous]

[list]u

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Ha ha you think 23 years olds work 14 hour days.

Ha ha you can’t hire top talent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

[Anonymous]

Anonymous wrote:Older people also are perceived to use more health care and are accruing more 401k matching funds. Just more expensive.

This is crazy. Are we now in an era where either you save whatever you need for retirement by 39.9 years or you are at the mercy of chronic unemployment

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

That’s only because the job market is has been good for about 9 years. When we hit a rough patch they will put in the screws.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Older people also are perceived to use more health care and are accruing more 401k matching funds. Just more expensive.

This is crazy. Are we now in an era where either you save whatever you need for retirement by 39.9 years or you are at the mercy of chronic unemployment

There is another thread on this. Yes. That is exactly what you need to do. Tell your kids.

[Anonymous]

Anonymous wrote:[list]u

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Ha ha you think 23 years olds work 14 hour days.

Ha ha you can’t hire top talent.

Top talent also knows which hedge funds put their workers in a basement without windows and lunch breaks and which ones pay the same $350k starting salary for a balanced workload. So you also can’t hire the very top if you need them to work 14 hours a day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:[list]u

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Ha ha you think 23 years olds work 14 hour days.

Ha ha you can’t hire top talent.

Top talent also knows which hedge funds put their workers in a basement without windows and lunch breaks and which ones pay the same $350k starting salary for a balanced workload. So you also can’t hire the very top if you need them to work 14 hours a day.

The true number of "top talent" grads is very, very rare. We're talking about mathematical prodigies, computer scientists, etc... Not quite Good Will Hunting, but up there. They get paid whatever they want and work whenever they want because they're just that rare. Top graduates from top universities are the next tier and are hired to do the work the true geniuses aren't doing. Their academic resumes and top universities look good to clients and potential clients (i.e. selling prestige or "nobody gets fired for hiring IBM" philosophy from 30-40 years ago). After that, compensation drops off significantly for new hires (if they can even get in the door).

When it comes to ageism and salary, it all comes down to what you can offer. If you have a unique skill set that a new grad can't replicate easily (genius), you can still command a high salary no matter how old you are. Typically this is accompanied by numerous career accomplishments and a top reputation (which a company is also buying). Likewise, if you have unique experience that is critical to the company's business plan (e.g., expertise in certain emerging markets that the company is targeting), your age won't matter to your compensation.

If you're not getting paid what you're worth (regardless of your age), you need to find a company where your intelligence, skill set, and experience will be valued more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

That’s only because the job market is has been good for about 9 years. When we hit a rough patch they will put in the screws.

Job Market was horrific in 2020 and most of 2021 for anyone laid off. in Covid. Worst since Great Depression. Seriously, hotel workers, restaurant workers, car sales it all ground to a halt

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

That’s only because the job market is has been good for about 9 years. When we hit a rough patch they will put in the screws.

Job Market was horrific in 2020 and most of 2021 for anyone laid off. in Covid. Worst since Great Depression. Seriously, hotel workers, restaurant workers, car sales it all ground to a halt

Those are all hourly workers. Salaries workers are the one Pp was talking about. Their job market was “bad” for a few months a best.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

That’s only because the job market is has been good for about 9 years. When we hit a rough patch they will put in the screws.

Job Market was horrific in 2020 and most of 2021 for anyone laid off. in Covid. Worst since Great Depression. Seriously, hotel workers, restaurant workers, car sales it all ground to a halt

Those are all hourly workers. Salaries workers are the one Pp was talking about. Their job market was “bad” for a few months a best.

From CBO:
The actual unemployment rate averaged 13 percent in the second quarter of 2020 and then fell sharply, averaging 4.2 percent in the fourth quarter of 2021



Look at huge drops in unemployment quarter to quarter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

That’s only because the job market is has been good for about 9 years. When we hit a rough patch they will put in the screws.

Job Market was horrific in 2020 and most of 2021 for anyone laid off. in Covid. Worst since Great Depression. Seriously, hotel workers, restaurant workers, car sales it all ground to a halt

Those are all hourly workers. Salaries workers are the one Pp was talking about. Their job market was “bad” for a few months a best.

That is because you were not laid off. Geting Laid off in April 2020 was a nightmare for job hunters regardless if salaried or hourly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Thankfully most places when make a new grad work 14 hours a day. In South Korea perhaps it's possible but here outside of wall street maybe law medecine o don't know I think it's just rare

That’s only because the job market is has been good for about 9 years. When we hit a rough patch they will put in the screws.

Job Market was horrific in 2020 and most of 2021 for anyone laid off. in Covid. Worst since Great Depression. Seriously, hotel workers, restaurant workers, car sales it all ground to a halt

Those are all hourly workers. Salaries workers are the one Pp was talking about. Their job market was “bad” for a few months a best.

That is because you were not laid off. Geting Laid off in April 2020 was a nightmare for job hunters regardless if salaried or hourly.

Yes it was a scary couple of months, but job market ramped to recovery very quickly so there wasn’t time for employers to capitalize on the labor market weakness to push for longer hours and squeeze pay. They will get the chance don’t worry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:[list]u

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are people over 40 being discriminated due to age or because of the perception that they are expensive to hire and retain.

For both reasons. Many incorrectly assume an older worker will not work as hard as a new graduate.

A new graduate can work 14 hour work days.
Older workers cannot compete with that. If they have kids, there is 0 chance they can compete with that.
So let's not put ourselves into the "work hard" route.

Ha ha you think 23 years olds work 14 hour days.

Ha ha you can’t hire top talent.

Top talent also knows which hedge funds put their workers in a basement without windows and lunch breaks and which ones pay the same $350k starting salary for a balanced workload. So you also can’t hire the very top if you need them to work 14 hours a day.

The true number of "top talent" grads is very, very rare. We're talking about mathematical prodigies, computer scientists, etc... Not quite Good Will Hunting, but up there. They get paid whatever they want and work whenever they want because they're just that rare. Top graduates from top universities are the next tier and are hired to do the work the true geniuses aren't doing. Their academic resumes and top universities look good to clients and potential clients (i.e. selling prestige or "nobody gets fired for hiring IBM" philosophy from 30-40 years ago). After that, compensation drops off significantly for new hires (if they can even get in the door).

When it comes to ageism and salary, it all comes down to what you can offer. If you have a unique skill set that a new grad can't replicate easily (genius), you can still command a high salary no matter how old you are. Typically this is accompanied by numerous career accomplishments and a top reputation (which a company is also buying). Likewise, if you have unique experience that is critical to the company's business plan (e.g., expertise in certain emerging markets that the company is targeting), your age won't matter to your compensation.

If you're not getting paid what you're worth (regardless of your age), you need to find a company where your intelligence, skill set, and experience will be valued more.

Agree, if you are not valued and you stick around, you are missing out on opportunities to build confidence and new skills, and it shows in the next interview.