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This idea floats around but is not practical. Here's a comment thread about it with some numbers: https://news.ycombinator.com/item?id=32413948

Pretty sure that was FAANG's approach, until the interest rates returned to normal.

In fact the opposite has happened, and major Silicon Valley companies have agreed not to hire from each other, see https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...

An analysis using some reasonable assumptions suggests that is not a profitable idea for major tech companies.