There comes a point where the money just isn't a motivating factor anymore, and companies are struggling to figure out how to work in that environment. This bit from the author hits the nail on the head: >Is an extra $10k per year worth learning a new org, a new skillset, a new set of expectations, a new set of coworkers, and a new boss? For many engineers, the answer is: “No.” Yes I could quit and get a ~20k raise b…
Not too long ago, I was at a Very Large Tech Firm. Base pay was great, and the RSUs were really great. I ended up leaving for a smaller company where IT is considered a cost center. The tech stack isn't all that exciting, total comp is a significant step down, and the only way to stay here and get a substantial raise is to get promoted... but I get along well with the people there, and I don't have to worry about off-hours emergencies. The only companies that might be willing to offer enough for me to take the jump away from that, would likely be a well-capitalized tech firm, of which few have a physical presence here.