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I think the age issue works both ways. In my twenties I remember how hard it was to get a really good salary due to lack of experience. Once you hit your thirties though things get better and it seems like good paying jobs are plentiful. This lasts until about the time you hit your fifties and then you become almost surplus unless you have senority benefits like government employees. This seems to be especially true with companies that have a low growth rate after years of high growth and are desperate to cut expenses to show a good bottom line.
I don't think age and experience always trumps youth. Inexperienced young people who approach things with an open mind are often preferable to older experienced folks who are too set in their ways. When I find myself starting to think about today's youth negatively I try to remind myself what my father's generation thought about us.
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