Is this really a thing? i see this thrown around but... really? Can any software get built and and maintained long term with a 50% turnover each year? i find th

Is this really a thing? i see this thrown around but... really? Can any software get built and and maintained long term with a 50% turnover each year? i find that it takes thing long to ramp on on anything even remotely legacy. Here is Australia, a group of CTOs met together recently to discuss the topic. They think the skills shortage is related to Banks offloading investment businesses due to some rule changes. They feel like its a temporary bubble. My company is almost refusing to raise their pay rates and is struggling to retain. My opinion is that the job market has changed forever. I worked remotely before Covid and always though dev jobs could be done remotely.