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it's also easier to build new features than to evolve existing ones.

Yes, that too

endemic problem of devs rotating through jobs every 1-2 years

I work as a contractor. I prefer long term contracts, even if they pay less. But the past few months, every job requirement I have gotten is for 6 months, some as bad as 2 months. What a person can achieve in 2 months, I do not know (unless it is extremely well defined job and the contractor gets help). Maybe this is because of the pandemic, I don't know. But employers and employees both deserve blame for this high churn.




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