It works the other way too. Even with a degree and 30 years experience it works against you. You typically have the senior position that the newbie's want NOW! Younger generations don't know the trait of deferred gratification ampliified with spending habits that demands higher pay (i.e.promotions) NOW! The use the office politics to push you out and you are stuck looking for a job at 55+ and computers easily figure your age based on work history, etc. Likewise with corporate re-organizations. You have the higher paying position so they get a greater savings if they eliminate. Of course, dumped at 55+, in addition to the difficulty finding a job you suddenly have to bear 100% of the costs of prior benefits, such as healthcare, that the employer was contributing a large percentage to. Likewise, retirement savings (401k contributions, etc) stops and may have to be accessed early which has an impact for the rest of their life. I saw that happen so many times both where I worked as well as where my wife worked.