Defenders of stay-at-home parenting often claim that the skills gained by managing a household, especially with multiple children, are equivalent to the skills gained by managing activities in the workforce.
That argument neglects the fact that people with work experience are ALSO managing their personal lives. Plenty of people in the paid workforce are also dealing with runny noses, bedtime conflicts, school conferences, mortgages, doctor’s appointments, etc. etc.
I realize that the phenomenon I’ve addressed is adjacent to but not precisely the same as what you are talking about - you are contrasting a new college grad with an older person vying for the same job. Well, if I were the employer, I might want the younger person because they’ll take a lower salary, I expect them to have more energy, I think they will devote more years to the institution, their fresh degree means they will know the latest technical jargon/advances in the field, or any number of reasons.
Some of that is fair and some isn’t, but I see no reason why an employer should automatically value someone more highly just because they’ve bought a house or car than someone who hasn’t. If I need a computer programmer or a radiologist or a medical editor, why would I care if they understand car payments?