How can you assume that? Especially when people are moving around constantly due to lack of promotions, compensation or recognition. It’s essentially religion at this point to hop every 2 years to “level up”.
Right now I'm just thankful where I am now. My compensation quadrupled coming from an investment bank. I actually suspect my compensation might actually be a bit lower than my peers at this company or those like it, relatively speaking, but at this point I don't care.
Combined with the fact that the work and project are super interesting, I could live with this compensation and title until I retire (in my late 30s now). I'm certainly in no hurry to put myself through leetcoding again, though to cover all my bases I probably ought to follow the principle of "a leetcode a day keeps unemployment at bay" sooner rather than later again.
But even if the delta remains, I'm just plain thankful*. The amount I'm earning now is jawdropping for my wife and I. When I was interviewing around, we were half-joking how awesome it would be if I could replicate those stories you see on Blind about people doubling their compensation. That it quadrupled instead is shocking.
* Probably not a popular thing to say in tech circles, but my wife and I are Christian, and suffice it to say we are mindblowingly thankful to God for this. I don't endorse prosperity gospel, but I'm now earning more than we know how to utilize. We've committed to using at least some of it for good causes - my first month's salary was given wholesale to a charity trying to rescue/resettle/support Afghan refugees.
But it has been corrupted. Demonstrating your thought processes, communication style, and problem solving approach is still a factor. But being able to quickly get the hyperoptimal solution in 20 minutes usually trumps everything else and often becomes the single make-or-break factor.