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> For example, why assume that an older person should earn more than a younger person? They shouldn't earn more, if they're providing the same value as someone
by zeroxfe 9y ago
> For example, why assume that an older person should earn more than a younger person?
They shouldn't earn more, if they're providing the same value as someone paid less. But, they typically ask for more, because they have more experience (which is difficult to validate), and usually have more financial obligations.
It is up to the employer to decide if they want to pay the price of seniority.
> I understand that many startups simply do not have the cash required to pay a high base salary. But, that's what equity compensation is for.
As one gets older, it's in their best interest to become more financially risk averse, and require more predictability and less uncertainty. Startup equity is very high-risk, and therefore not acceptable as a replacement to more salary.
- dogruck 9y agoI agree with you that increased age does not imply increased value/pay. I do not agree about risk aversion. I know several older software developers who have finally paid off their student debt and accumulated some savings, and are now ready to accept some higher risk compensation. In addition, I know younger workers who are in desperate need of cash.