The problem with the non-boring technology club is that programmers see what problem FAANG companies are solving and wanting to be on the edge on new technology too. But they don‘t have the same problems. Another problem is they want to show what they can do. If they tell in an interview they are working with rails/django and a postgresql database they fear they look incompetent using those old technologies. So they…
Reward employees a direct and substantial cut of the profits and incentivize to them to stay 5-10 years and these behaviors should disappear.
The loss of job security, frequent job hopping has created more incentives to optimize for the next job switch and not value add.
The explosion of startups also contributes to this. They often have to attract employees by offering the promise of autonomy. Most startup employees know they aren’t getting rich. So they milk the startup for maximum resume points and move on.
The VCs unload these bloated companies into inflated stock markets and the cycle continues.
DHH runs really small companies and pays his employees really well and doesn’t work them too hard. Employees have no real reason to leave. They see a direct link between the low overhead and their job security and work life balance. Aligning incentives fixes this.