> Employers have no option here. Considering employers hold the vast majority of the power in the relationship, that's a rather extreme conclusion. As other c

> Employers have no option here. Considering employers hold the vast majority of the power in the relationship, that's a rather extreme conclusion. As other commenters have pointed out, it's easily within the employers' abilities just to pay more money (and/or offer better terms to increase job stability, like meaningful severance packages or usable retirement plans). This actually used to happen routinely, but employers stopped valuing employment longevity, so job-hopping is what they got. Additionally, as another commenter alluded to by mentioning job growth, working environment matters, too. Although not every employer can offer every employee (enough) growth, other forms of respect and opportunities (not just lip service) make a difference. Companies like Southwest Airlines make it something of a point of pride that they keep their turnover low by keeping their employees happy, so it's not as if the principle has somehow aged out of applicbility. The far likelier explanation, to my mind, is that everyone else is concerned with short-term incentives over long-term value.