Earlier quoted context omitted.
Job hopping programmers are compensated for how rare their skill is and not how much value they add to the business. It’s another flaw in capitalism. 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…
Why the downvotes? This comment’s dead accurate.
Assume company A sells a widget for 10 silver
Then company B comes along and sells same widget for 3 silver. Company A will either learn to be more efficient and sell at 2-3 silver, or go out of business.