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Originally Posted by Cynthetiq
no and there are many college graduates that don't deserve the salaries they get. just like there are many college drop outs who have the smarts and the potential but cannot get financial backing for their ideas. You've just given their "funding" to the 50 year old for no apparent reason but blind luck.
the reality is that the 50 year old probably didn't retrain or retool themselves for the evolving market. and shouldn't get paid more than the market should bear for the job the enjoin.
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As a caucasian male living in America, I would find it difficult to become a 21 year old Indian man who can easily live on $17k a year. In order for my first hypothetical worker to adapt, he'd need to move to a third world country or take a pay cut of 2/3 or more.