I've seen recently on LinkedIn that two of my ex-colleagues got promoted to "senior" positions in their new companies. The trouble is that neither of them has three years of experience. I've looked at the open positions at those companies, and indeed, they both advertize "senior" software developer positions and require only two years of experience. So I certainly could not get a job there - with my 15 years of experience, what would I be in their company? A jedi master?
What is worrying me is that in "regulated" industries, like electrical engineering, after two years of experience you would be happy if they would allow you to take the "state exam" to get the license. And what is especially worrying is that you need to pass a serious exam just to be licensed to design house electrical installations, which is actually not too complicate. But that also explains why house installations don't kill people every minute and why is typical software so buggy.