Serving food is more than honest IMO, but still a bit of a waste.. Also it seems a lot of capable coders are struggling with harsh if not inhuman business structures. Maybe regroup and form a nice company of nice people.
I like this comment; seems like you could make a pretty good company from the older talent that isn't picked up by the young companies. In terms of pure competition, you could give them all a run for their money with the lifelong knowledge bit.
I've seen something similar where a company made a spot for themselves hiring aging cobol programmers and making pretty good money contracting with other companies. I will try to find a link to the article I read.
The company I worked for last year was about 1/4 older gentlemen in engineering roles. I'm disappointed that other companies are not as keen to hire them, but they had so freaking much experience and it was a pleasure to work with them