Outside of web development, you can get a job fine without using this year framework. However, you still have to leave after a year to get more than inflation.
> you still have to leave after a year to get more than inflation
This hits home. I've been in software development for quite some time (10 years), I've been with 4 employers so far (full time) and pretty much all my significant raises have come as a result of me looking for a better paying position and then leaving. I may have been unlucky (I also did not work for a really large company yet), but I feel like the "career develoment" opportunities within software engineering companies are way under the level they should be.
I think this has been the way of the tech industry, and particularly SV, for a long time now. My uncle, now passed away, started at Atari in the early 80s and hopped companies every three years until his final job with Nvidia in a fairly senior position. He stayed with Nvidia until his death a little over a year ago.
Each time he switched it up he grew his salary exponentially.
Constant growth rate gives rise to a quantity that is an exponential function of time [not to be confused with a constant rate of increase, which gives rise to a linear function of time].
As that Wikipedia article says, the continuous-time equation for exponential growth, x(t) = x(0) e^(kt), arises as the solution to the ODE x'(t) = kx, where k is the constant growth rate.
Similarly, in discrete-time, exponential growth follows the equation x_t = x_0 (1+r)^t, where r is the constant growth rate.
The formula for constant growth over time, for example, a 2% increase every year, would be starting salary * 1.02 ^ t where t is the number of years. So there is an exponent present, and constant growth is an exponential process.
This hits home. I've been in software development for quite some time (10 years), I've been with 4 employers so far (full time) and pretty much all my significant raises have come as a result of me looking for a better paying position and then leaving. I may have been unlucky (I also did not work for a really large company yet), but I feel like the "career develoment" opportunities within software engineering companies are way under the level they should be.