Earlier quoted context omitted.
Staff who’ve been around a while, understand how a company operates and can seed that understanding into new staff are more valuable to companies. For example: if every worker were replaced with an equally skilled worker tomorrow a company regardless would not be able to function. It therefore makes sense that a senior employee can demand a higher wage [than a new starter] even if their direct productivity is no diff…
If you replaced every worker with someone else of equal skill of course manufacturing company would continue to operate. Making employees replaceable cogs is what industrialization was completely about. It's what happened during globalization. Think about all those seniors who lost their jobs when the factory went overseas. That was successful in large part because the distinction between a junior and a senior is not…
No it wouldn't, because a senior worker wouldn't be around to say things like "oh yes we use a jig under this circumstance that we keep over here ". Every business has ton of institutional knowledge like that.