IBD
By Thomas Sowell
One of the things that has struck me, when I have gone on luxury cruise
ships, is that most of the passengers look like they are older than the captain
— and luxury cruise ships don't have juveniles as captains.
The reason for the elderly clientele is fairly simple: Most people don't
reach the point when they can afford to travel on luxury cruise ships until they
have worked their way up the income ladder over a long period of years.
The relationship between age and income is not hard to understand. It usually
takes years to acquire the skills and experience that high-paying jobs require,
or to build up a clientele for those in business or the professions.
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