Interesting article "https://www.linkedin.com/pulse/sorry-employers-25-year-olds-20-years-experience-paul-suggett/"
I know there is a huge focus on workforce transformation (swapping more experienced employees with employees with more recent education and less experience). The article is about a different industry but I feel the same logic can apply in the IT industry.
Note, I don't have a gripe with hiring less experienced people, but the value of experience and the benefit of that experience being passed on does sometimes seem to be overlooked. If the ratio of employees shift too far to less experienced then you risk suffering the misfortune of repeating mistakes made in the past, to the detriment of customers.
Some of my most treasured work experiences are from when I was fresh to the workforce and more experienced engineers and project managers would help me understand what had worked in the past. They would also give me a heads up when I was about to repeat a mistake they had made before, and they would spend time to help me develop new ideas/processes that could be implemented successfully.