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Comment by mkr-hn | Hacker News Reader

I wonder what the industry attrition rate is. How many move to another tech company, and how many move on to a new career? This boom is old enough that a large portion of people who got in at the start out of college (or by skipping college) should be in or approaching their 30s where people start reevaluating their priorities.

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https://academic.oup.com/qje/article/135/4/1965/5858010

ChatGPT makes it incredibly easy for juniors to become more productive but also makes it incredibly easy for experienced older devs to move between technologies, reskill and remain relevant. Looks like all bets are off we simply cannot say much about attrition, what was true 5 years ago won't be true 10 years from now. We actually have very little idea what the job market will look like in general 10 years from now.

I am interested in the attrition rate from Big Tech to traditional tech (such as enterprise software at banks or government). This will probably be a very hard adjustment for many in terms of salary, tech stack, benefits, work hours, culture,... But I still think many will prefer it over leaving tech all together., since as you said they wouldn't have learnt any other discipline if it was their first job out of college.

> This will probably be a very hard adjustment for many in terms of salary, tech stack, benefits, work hours, culture

Work hours? I would think that _work hours_ would be a particularly _easy_ adjustment going from Big Tech to a bank; those are normally 9-5.

I think hard to compare in the abstract due to huge level of variance, probably if you working at palantir, uber or amazon you are working longer hours than say if you are working for apple, google or microsoft.

Sure, but I don't think _any_ Big Tech(TM) company would be sub-bank hours.

Almost agree, but even banks there is huge variance, if you work in operations or cloud infrastructure might be much less hectic than working on quant or data science projects.

I suspect that having fixed hours would be a big change.

I know that I have gotten quite used to setting my own hours. Some days, I start work at 7am, for instance. Other days, I take time for my family.

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