Yeah I am convinced seniority is a kind of a scheme too. Sure, people get better, but there is also cost to switching jobs and that is probably even more pronou

Yeah I am convinced seniority is a kind of a scheme too. Sure, people get better, but there is also cost to switching jobs and that is probably even more pronounced and not priced in. I think it is in large part way to underpay people earlier in life and overpay them later in order to incentive them differently. It also is a rough cudgel to match family vs single difference in needs.