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It's true everywhere. Older people are paid more for no good reason, it's just "the way things are" that you get a raise every year. In a freer market, it would

• johnnyanmac 3y ago
  >It's true everywhere. I just described an industry where it's not. You don't make money playing sports in your 30's. If you still wanna work by that time, you teach others sport, be a newscaster, or sell your brand. They may or may not make millions. It depends on how you sell yourself, but most athletes aren't salesmen. > In a freer market, it wouldn't be the case. We're about as free as we're going to get. You can quit or be laid off at anytime and hires in tech get amazing compensation for relatively little experience compared to fields like medicine, law, or accounting. You're free to enact such a model yourself and see how well it works if you're confident in it. But market forces aren't dumb either.