[jtuple]

The big difference between 2001 and now is that high compensation at top jobs enables greater savings.

Most people in 2001 had to find work quickly to keep surviving. Mid-career high performers from Meta, Twitter, Netflix, etc have millions in savings and assets.

Those people could sit out a few years if they wanted, or even just retire early if they were happy with the $60-100k/year income from interest/capital gains at a consevative withdrawl rate.

Most of these people still choose to work today because they have well paying jobs which they enjoy. High performers gonna perform, etc. But, if the only option was toxic jobs combined with low pay many would simply opt-out.

Many in this dev cohort have been extremely lucky and have the privilege to take a stand. 2022 isn't really a great time to be an asshole captialist banking on qualified employees having no other options.

Fresh graduates and early career individuals are a possibility. But, you still need experienced devs to mentor them and maintain the large complex systems/infrastructure that fresh hires can't yet handle without more experience. Attracting and retaining this senior talent is the hard part.

[deltree7]

Yes, The Tech Rich people aren't the right people to work for Twitter / Elon Musk anyway. Now, it's mostly self-selecting people of believing in the mission/elon and people looking for hungry or success.

Every industry works like this. It's only out-of-touch techies who enjoyed unprecedented rewards/hard-work ratio that need to adjust their lifestyle and expectations