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I don't believe for a second that there is an endless supply of capable software engineers. The salaries available to folks of even modest experience simply don't support such an assertion.

This problem should be self-correcting. If it's as unproductive as it is unhealthy, then better companies will win by retaining talent for longer.

Even if you are correct, the problem often becomes an inability to identify such talented developers, and many companies don’t even bother.

Also, the best developers rarely come on the market, they go straight from job to job thru good relationships with previous managers and co-workers. Managers who abuse workers are not usually able to retain the best talent, they end up adversely selecting for the least productive talent.

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