If an employer is willing to overlook what can sometimes be a cost hit to the group health plan in hiring an older employee, and that older employee manages to get past the sometimes blatant bias directed toward them, then I’d say the older employees are regarded as the better hire.
Younger hires cost less, but are losing out. What might tjis mean, that their value is suspect despite their lower cost? I’d say yes, in general. Work ethic and ethics in general are fading, but are still present generally speaking, among the 50+ age cohort, all the negative Boomer stereotyping aside.
You can’t have something stolen from you, that never belonged to you to begin with.
Also, most are higher in the pecking order and the last to be let go do to the age discrimination laws and union rules.
A trip through a union manufacturing plant like Ford or Boeing is like a trip to an old age home. Almost no one is under the age of fifty and those that are have been hired since the reorganizations and make half the pay and are the first to be let go.