That's a bit disingenuous, though; for that analogy to work, it would be the employer paying you, with a tenure of 40 years, the same shit salary as the new hire. And I get how frustrating that may feel, but it's still not the new hire's fault, but your boss's.
Bottom line, both of you are getting a shit salary while the C-Suite and their investor friends rake in a multiple of your annual salary every month.