Anecdotally, most of my older relatives spent 20+ years working at the same place. Meanwhile I’ve had 4 different employers in the last decade and don’t know many young folks in tech who have stayed with a company for 5+ years. (Why would you if you can only move up in position or salary by job hopping?)
In my anecdotal social circle, which skews older millennial with no tech representation outside of myself, I only know of one person who has jumped around to several jobs. A small handful have changed jobs once. The vast majority are where they started, 15+ years in now.
The boomers lived through 11% unemployment. It may not have been job hopping by choice.
Am I reading you right? You are saying that the vast majority of people in your social circle have been in the same job for 15+ years, and yet they are under age 50?
That would be astonishing, unless you are in some really unique industry.
Perhaps if it's one of the big consulting firms, maybe. They start right out of university and then follow a career track which can easily go 15 years to partner level. And for those willing and able to live that life, I imagine they don't change jobs as often as others.
Seems so. I don't see it being all that astonishing. Where else are you going to go? For normal people not in tech there aren't a thousand startups calling your name. There might be one or two competitors that aren't able to pay any more and would be a lateral move at best, which isn't worth the risk of hopping unless things are horrible where you are. A fair number work for government, so that's your only option save completely changing careers.
Anecdotally, most of my older relatives spent 20+ years working at the same place. Meanwhile I’ve had 4 different employers in the last decade and don’t know many young folks in tech who have stayed with a company for 5+ years. (Why would you if you can only move up in position or salary by job hopping?)