No Tug, they shouldn't.
Airlines are out to make money. If they can have a super-experienced ex-commander in the right seat for the same money as a 509'er it makes perfect sense to do it.
As for the pilots, if they fly their whole careers, get a fat retirement package and haven't lost the taste for it then more power to 'em. They were wannabes once, they waited their turn and paid their dues so neither you nor I nor any other snot nose have the right to tell them what they should or shouldn't do. One day, if we're very lucky, we'll get to be in the same position and I for one won't have any time for wannabes telling me to wind up my career before I'm good and ready.