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The 25 year old will work again, but 55 year old might not. A company I use to work for's VP told me that never hired anyone without a degree and they preferred young bright kids right out of college for even their lowest management people. They always promoted from within for their middle and upper management positions. I was inherited when the they took over the company I work for. I was safe because I was a top producer, but I watch as they got rid of all the other management people they inherited. I was also told off the record I was too old to be promoted. Everyone of the managers they let go had to take a non-management job. They were in their late 30s and 40s. They weren't bad managers, but they were not among the very top producers. Everyone of the people they hired to replace them produced less they did. A couple of times I was on the list for a higher up job, but I never got it and I know why. It is the way things were and if I didn't like it I could have Quit. But I wasn't going to quit without a new job (been there, done that, not doing it again). I looked around for year and then I got sick. There was no quitting then.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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