This isn't true in the industry at large. To the degree it's true among the HN demographic it's true early in careers. People don't do that forever. If you have a family, you like the stability of a place and don't want to have to spend all of your nights and weekends grinding Leetcode and networking. Once you're in a senior position, it takes time to build the connections and reputation inside a company to be effective, and constantly moving is a disadvantage. Even if you're done being promoted, many people reach a point where they're earning enough to support their lifestyle and have other priorities. I have plenty of friends at companies like Microsoft, Google, and smaller boring companies HN doesn't care about that absolutely could switch jobs for another 20-40% in comp but would have to work twice as many hours a week to do so, and that's a bad trade.
If you could redirect the competitive effort normally required for nominal advancement into participatory co-operation instead, some incredible returns are unachievable any other way.
Too bad there is not normally the structure in place to better reward co-operation rather than competition.
A lot of people who are good in a capitalistic world, you know your finance people, lawyers, software engineers (@ FAANG) are kind of like race horses, they are born with ample intellectual capacity and spend their formative years competing with their peers to try to rise to the top (starting from middle school, high school, top uni, top company, top position etc...), they rarely ask themselves if what they are doing is even worth it for humanity, themselves, or posterity, they just run as soon as they are put in a race. Taking a step back and questioning this stuff is scary, especially if you are brought up to think that if you aren't running then you are falling behind.
[[Citation Needed]]
This isn't true in the industry at large. To the degree it's true among the HN demographic it's true early in careers. People don't do that forever. If you have a family, you like the stability of a place and don't want to have to spend all of your nights and weekends grinding Leetcode and networking. Once you're in a senior position, it takes time to build the connections and reputation inside a company to be effective, and constantly moving is a disadvantage. Even if you're done being promoted, many people reach a point where they're earning enough to support their lifestyle and have other priorities. I have plenty of friends at companies like Microsoft, Google, and smaller boring companies HN doesn't care about that absolutely could switch jobs for another 20-40% in comp but would have to work twice as many hours a week to do so, and that's a bad trade.