It kinda is. At the very beginning he mentions that his startup couldn't pay as well as FAANG. Most people won't take a pay cut when switching jobs, unless the

It kinda is. At the very beginning he mentions that his startup couldn't pay as well as FAANG. Most people won't take a pay cut when switching jobs, unless they are moving to a place with a lower cost of living. But a lot of people are kinda elastic on pay raises. Here's a list of stuff that can stimulate different people more than a larger pay raise when switching jobs: - becoming a manager - no longer being a manager - a tech stack they want to work with - a company mission that aligns with their morals - stable office hours - office layout - proximity to home Paying well helps, but unless you're an ICE contractor located in a hangar in Fort Nowhere hiring people to rewrite a legacy COBOL application in RPG in three months you probably have other ways to attract more and more diverse applicants rather than just stacks of money.