Point duly taken, but he said "on average". Like you said, there are many more important factors (like your effort, luck, smarts, etc) that affect long term ea

Point duly taken, but he said "on average". Like you said, there are many more important factors (like your effort, luck, smarts, etc) that affect long term earning. But all else equal, it's probably better to enter the workforce in good times rather than bad.