The reason I say it's counter-productive is that it tends to upend a very fruitful social structure: younger people learning how to innovate under the direction older, experienced people. Ken Thompson and Dennis Ritchie didn't invent Unix one day between their college classes. They joined Bell Labs after getting advanced degrees, worked on a system (Multics) implemented by older, more experienced people, and gained the expertise they needed to innovate. You can't really develop expertise as a young kid, and expertise is usually a pre-requisite for real innovation.
And to tie in to the organizational management angle in the article: who would you rather have in your organization? John Carmack circa 1991 (when he founded id software), or John Carmack circa 2013?
If this seems counter-intuitive in the context of the current Silicon Valley youth worship, ask yourself: what are the young kids at Twitter, Facebook, etc, really building? The answer is: lifestyle and entertainment products. Without demeaning the value of those products, I'll say it's not a contentious assertion that young people have some significant insight into lifestyle and entertainment as an industry, but that doesn't mean they're particularly innovative.