Claim 5080884cChecked 09 Jul 2026
Weak EvidenceOn the evidence scale
“That’s why it’s a young man’s job.”
Reasoning & Evidence09 Jul 2026
The claim’s implied causal chain is: the stress/tempo of market-making makes older traders unable to keep doing the job, so it is mainly a “young man’s job.” The evidence does not establish that. OSHA notes that workplace stress can hurt job performance and physical functioning in general, so the pressure mechanism is plausible. But a study of London high-frequency traders found that age was not a significant predictor of trading performance once experience was included; experience mattered more. And the closest BLS occupation data I found, for securities, commodities, and financial services sales agents, shows a median age of 41.7 in 2012, which does not look like a uniquely young occupation. Overall, the available evidence is too thin and mixed to support the broad age-based claim. Sources: OSHA Workplace Stress (https://www.osha.gov/workplace-stress); U.S. Bureau of Labor Statistics, “Employed persons by detailed occupation and age, 2012 annual averages” (https://www.bls.gov/cps/aa2012/cpsaat11b.pdf); Coates et al., “Second-to-fourth digit ratio predicts success among high-frequency financial traders” (https://users.econ.umn.edu/~rusti001/Research/Neuroeconomics/2D4D.pdf).
From article
The pressure of being a market-maker in a busy market, when you’ve got people all around you screaming and shouting at you and you’re dealing in numbers and it’s like that, that, that, that – that’s pretty pressurised. That’s why it’s a young man’s job. You don’t get many 50-year-old money-brokers: they can’t do it any more. Goodness me! It’s not an easy job. Not an easy job.
When I joined the City, it was the dying days of a gentlemen’s club: magnificent, socially wonderful but going nowhere – there was still a whiff of P G Wodehouse about people who toddled off to the City all day and did things that nobody understood at all. But what I saw in the Eighties and Nineties was London becoming in many ways a genuine global centre for entrepreneurial flair, for innovation, for very hard work – and for creating profits. And without those profits we can’t have the schools and hospitals we need in this country – it’s very, very simple. I am absolutely not conflicted in any way at all about the fact that what we did, overall, was for a social good.
Sources opened+ 71 search hits considered
| [1] | bls.gov |
| [2] | pmc.ncbi.nlm.nih.gov |
| [3] | bls.gov |
| [4] | pubmed.ncbi.nlm.nih.gov |
| [5] | nature.com |
| [6] | users.econ.umn.edu |
| [7] | pmc.ncbi.nlm.nih.gov |
| [8] | osha.gov |