[al_borland]

One good person with experience can beat a several who aren’t so good.

My old boss would give one of the newer/cheaper people a task and they would flounder for months on it. After about 3 months he’d ask me; I’d have it done and back to him in a couple hours. This happened countless times. While I get paid more than them, 2 hours of my time is cheaper than 3 months of their time… not to mention the value of faster turn around.

There are also many problems I can see coming and avoid, because of experience, where a younger person has a good chance of hitting the issue head on.

You’re also talking about hiring. I have a job and can keep it, assuming my mind and fingers still work. I’m not planning on interviewing much. That said, I did have a FAANG reach out to me just last week. I wouldn’t call myself old and gray yet, but I have aged into the protected class.

As a hedge, I save my money and keep my expenses low.

[giantg2]

Sure, but the general consensus is that companies and managers are not as willing to hire the 15+ yoe crowd due to their cost. The new people you describe sound like they are bad, not just new. If you have FAANG coming to you, then it sounds like you're in a different class. If someone is just better than most, like 1 SD above, then it'll still be rough.

[brailsafe]

The cost of everyone has and will continue dropping. Among the people who'll be cheaper, more experienced out of work people who already got into the shit housing market early will outbid younger more desperate people who can't afford to take cheaper salaries.

[giantg2]

I don't think we've ever seen that happen. I'm skeptical that it ever will. Costs go up as one gets older - family cost more , healthcare, etc. The company isn't just paying for your salary, They're paying for your benefits too.

If you're factoring in cost of living to outbid someone, then clearly offshore could outbid onshore and the problem still stands.

[brailsafe]

Personal costs shouldn't necessarily go down but also shouldn't inflate to require absurd salaries though. If you bought a home 10 years ago with a $250k salary, and are suddenly out of work along with everyone else, you have downward pressure on your asking price, but might have a better chance of tolerating it than someone who'll need a downpayment and to secure a long-term extremely high salary to service a brand new mortgage at a higher interest rate