I'm surprised to see this is the top voted comment because it is completely off the mark in this case and anyone that has spent any amount of time reading Blind (a website dedicated to... I'm not sure what exactly) knows it.
While Facebook/Meta, Google, and others have always paid comparatively well, in the past 2-3 years the pay shot up even higher and the only price of admission is supreme obedience to "grinding LeetCode." This hysteria created an entire culture of pay chasers that congregate on that Blind website with little regard for anyhing other than compensation. These people, who I consider to be among the most toxic people in tech, have a singular focus on pay and it is not at all surprising that when put in minimal supervision environments they choose to merely exist and collect said paycheck. CEOs lamenting this are merely reaping what they sow.
Honestly I've been in markets where this worked out. You pay a lot of money to get someone good who's motivated and does great work. Tech recently though has been a game where you get a high paying job and you just spend a year trying to get the next one rather than working.
Blind is interesting. I'm grateful for the insights into total compensation it granted me, and Blind combined with a managerial stint gave me a very solid feel for both industry and company-specific bands. I also got notice of an impending reorg that was coming my way, and started early in looking for another home.
On the other hand, it only exacerbated the cynicism and burnout covid and WFH brought. Trolls are rewarded with attention through "engagement" with their incendiary posts, misinformation and speculation passed as dogma are rampant, and as you mentioned the collective priority in "the community" is this egocentric worship of money. It reminds me of the subreddit /r/relationships, where the number one piece of advice is to obviously break up or divorce because you're getting screwed over. Blind's number one piece of advice is to obviously grind leetcode and start interviewing because you're getting screwed over.
Blind is full of people from the Bay Area, where if you are the very best in the world at wringing the corporate ladder for everything itβs worth, you might just maybe be able to buy a home for your family one day.
One thing remote work might bring us is a little more chill about compensation, as people live in regions where people not optimizing for TC can be comfortable and secure.
While Facebook/Meta, Google, and others have always paid comparatively well, in the past 2-3 years the pay shot up even higher and the only price of admission is supreme obedience to "grinding LeetCode." This hysteria created an entire culture of pay chasers that congregate on that Blind website with little regard for anyhing other than compensation. These people, who I consider to be among the most toxic people in tech, have a singular focus on pay and it is not at all surprising that when put in minimal supervision environments they choose to merely exist and collect said paycheck. CEOs lamenting this are merely reaping what they sow.