Yeah I’m not at all convinced this is the explanation. I just started at a company in Australia where their office isn’t even legally allowed to open yet and they have still seen a bunch of people leave.
My hot take is that it’s a few factors.
* pent up demand from last year with people not moving out of fear but now feeling certain of the future
* remote work opening up a larger selection of companies to work at.
* tech companies having record profits and all wanting to expand at the same time.
And I feel like #3 is the most important one. They all want mid-senior developers but every other company wants them too so they go in to a bidding war and their wallets are stuffed right now so the bids are huge.
This will probably continue until a new wave of developers reaches senior level but by then the market may have failed to predict tech companies growing at an even faster rate than they are now.
My hot take is that it’s a few factors.
* pent up demand from last year with people not moving out of fear but now feeling certain of the future
* remote work opening up a larger selection of companies to work at.
* tech companies having record profits and all wanting to expand at the same time.
And I feel like #3 is the most important one. They all want mid-senior developers but every other company wants them too so they go in to a bidding war and their wallets are stuffed right now so the bids are huge.
This will probably continue until a new wave of developers reaches senior level but by then the market may have failed to predict tech companies growing at an even faster rate than they are now.