This behavior is self-inflicted by a decade of low pay and lack of significant raises to reward seniority.
The most effective way to increase income for a developer is to join a place, rack up as many buzzwords as possible and leave after 2-3 years, using those buzzwords to secure a higher-paying role somewhere else. Rinse and repeat until you get a management position where you can use politics to increase your income instead.
If you want guys that use boring tech to drive the business forward you have to pay them upfront the money they’d otherwise make playing the above game. It still makes sense (an engineering playground is anything but cheap) but good luck getting an employer to pay anything above “market rate”.
The time up to and including Covid saw massive developer salary increases. They've dropped (and lots have been laid off) post-Covid, but the last ten years cannot be described as stagnation.
The salaries may be high in absolute terms, but they’re still low in relative terms - compared to what jumping ship would give you when you have a resume full of buzzwords.
The most effective way to increase income for a developer is to join a place, rack up as many buzzwords as possible and leave after 2-3 years, using those buzzwords to secure a higher-paying role somewhere else. Rinse and repeat until you get a management position where you can use politics to increase your income instead.
If you want guys that use boring tech to drive the business forward you have to pay them upfront the money they’d otherwise make playing the above game. It still makes sense (an engineering playground is anything but cheap) but good luck getting an employer to pay anything above “market rate”.