This is a tricky situation. I have no good solution beyond changing social norms to make it more acceptable to reduce people's pay (either within a job or acros

This is a tricky situation. I have no good solution beyond changing social norms to make it more acceptable to reduce people's pay (either within a job or across job transitions). Of course, such a change would need to correspond to a change making it less socially acceptable to live up to the edge of one's means. I have no idea how to enact such change. And while I am a grey beard myself (and actively advocate hiring a few more greybeards where I work, albeit for selfish reasons), I fully recognize that "youth" and "energy" will be vitally important for many jobs. Our industry may be a naturally pyramid shaped one.