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I don't think it's necessarily age discrimination or even that they're cheap. I think it has to do with "I don't want to waste your time, I don't want to waste mine" -- they may know what the salary budget is, someone with 5-10 years of experience will certainly want more than the salary offered and there's not room so to say in the most 'diplomatic' way is to max our the number of years. That's my takeaway. I'm certainly interested in other points of views!
If they know the salary budget they should be transparent and post it and then let people choose if they want to apply.
People are at so many different stages in their life we can never know why someone would accept less money or responsibility. Someone with 5-10 yrs experience doesnt always want more ... they may have been out of the workforce and trying to get back in or they may have have a tragedy or a family issue so they have a gap in their work history. We just never know. But to say min 2-4 yrs experience is a way better idea than to say 2-4 yrs Max. It’s dicey.
I agree, might be due to salary being offered and they know someone with more experience would want more money.