In 1993 I was told by a Government training manager that the young were now in favour, because of their “Dynamism”. I was further told, “You need to lower your employment sights because of your age”. I was 56 years, with an hnd in physics and electronics. This younger man thought I should move crates around in a shipping warehouse. I replied, that he wouldn't recognise dynamism if it bit him on the arse.
I found my own job as a workshop manager in an Apple Computer company.
B
The 27-year-olds are taking us down (again): James SaftThe 27-year-olds making the mistakes change but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged.
Calling them 'mistakes' is charitable, as they are actually systematic and predictable exploitation of loopholes by employees without sufficient skin in the very risky game they are playing.
Here is the game, as it was played in 2008 and as it is being played now: work for a financial firm, sell insurance against an event the probability of which, while rare, is underestimated by your firms' models. Sit back, collect the premiums, appear to be "beating the market", and be paid accordingly. If the rare event does happen, and it likely will before your firm has been fully compensated, off you go with your pay, leaving investors and regulators to clean up the mess
http://www.reuters.com/article/2013/03/13/us-column-markets-saft-idUSBRE92B06220130313
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