Seriously... it is just so laughably insane. If you were to tell someone from even just the 1940s that we would have an object doing this and that we could measure its progress to an incredible degree of precision, they would laugh at you and think that you were insane. Seriously... how is there still religion in this world? JFC... wake up already.

Unless you work for a company whose business is IT. Corporate IT is vastly different than say being a sysadmin for a SaaS company.

It is due to the fact that the IT world is mainly dominated by younger/newer employees. The entry level salaries in the IT world will probably stay flat for quite some time into the future and due to this and the fact that for most roles, companies would rather just higher a recent grad, the salaries for the IT world will always be highly weighted towards the entry level range.

He should liquidate as soon as possible and use the funds to start a different business that has a market. A pizza place or a McDonalds franchise would be 10x more profitable.