[zorrotorro]

It is depressing and I think I'm starting to see it around me. Many (bad and good) devs I know are ditching software development per se and moving into related areas (management, startups, compliance, etc) where experience and business know how matters more.

Because... while there is such a thing as software development experience, it's not that relevant for the majority of projects. Somebody sharp with less experience will more or less compete head-on.