[filoleg]

> This is entirely the fault of the FAANG hiring methods

I would say it is more of a fault of compensation structures.

Why would one stay for 3 years and get very meh comp increases every year, when they can switch to another company and instantly get a 30-40%+ increase (up to a point). It is also somewhat disheartening to see new hires get paid significantly more than you are for the same level.