Suppose we have a line of people that starts with person #1 and goes for a (finite or infinite) number of people behind him/her, and this property holds for every person in the line:
If everyone in front of you is bald, then you are bald.
Without further assumptions, does this mean that the first person is necessarily bald? Does it say anything about the first person at all?
In my opinion, it means:
If there exist anyone in front of you and they're all bald, then you're bald.
Generally, for a statement that consists of a subject and a predicate, if the subject doesn't exist, then does the statement have a truth value?
I think there's a convention in math that if the subject doesn't exist, then the statement is right.
I don't have a problem with this convention (in the same way that I don't have a problem with the meaning of 'or' in math). My question is whether it's a clear logical implication of the facts, or we have to define the truth value for these subject-less statements.
Addendum:
You can read up on this matter here (too).
You can see what's going on by reformulating the assumption in its equivalent contrapositive form:
Now the first person in line finds himself thinking, "There is no one in front of me. So it's not true that there is someone in front of me who is not bald. So it's not true that I'm not bald. So I must be bald!"