The premise of the article is simple. Companies may lose money in the long run by cutting older workers and hiring younger workers in their place to save money.

The premise of the article is simple. Companies may lose money in the long run by cutting older workers and hiring younger workers in their place to save money. There's an obvious case to be made for experience and wisdom that comes with age to some older workers. A blanket policy of bias towards the young is going to lose that. Companies should be smarter about it and realize that some older workers do get better with age. They should try to hire boy wonders and keep some wise heads around. The author mentions a problem without naming it, which is the Peter Principle, where workers are promoted until they reach a level where they are no longer effective.